Updated Dec 19, 2023
Coldwell Banker Realty Acquires Land In Groton, MA For $1.2M
468 Main St, Groton, MA 01450, USA
$1,200,000
$3/SF
Building Size
326,700 SF
Asset Type
—
Closing
Oct 7, 2021
About this deal
AI
Two adjacent land parcels located at 468 & 478 W Main St in Groton, MA have recently been sold. The combined acreage of the land is approximately 7.5 acres, and it was sold for a total price of $1,200,000. The transaction took place on 10/07/2021.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,200,000
- Address: 468 & 478 W Main St, Groton, MA
- Acreage: 7.5 acres
- Price Per Acre: $160,000
The buyer's representative in this sale was Michael Galvin from Coldwell Banker Realty, while the seller's representative was Maura Fitzgerald from Coldwell Banker Realty - Westford.
Players
Groton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93