Clark University Acquires 7.3 Acres Of Land In Worcester, MA For $6.95M
SOLD
$6,950,000
Massachusetts
See Similar DealsSold 11/12/2021
SOLD
Clark University Acquires 7.3 Acres Of Land In Worcester, MA For $6.95M
520 Park Ave, Worcester, Massachusetts, USA
See Similar DealsSold 11/12/2021
Summary
MASSACHUSETTS
Transaction Type:Sale
The land located at 520 Park Ave & 111 Maywood St in Worcester, MA has been sold for a price of $6,950,000. The property spans across 7.3 acres, making it a valuable asset for development or other purposes.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $6,950,000
- Address: 520 Park Ave & 111 Maywood St, Worcester, MA
- Market: Worcester, MA
- Asset Type: Land
- Acres: 7.3
Clark University has acquired the property from Family Holdings Nominee Trust & Jerek Realty. The deal was facilitated by brokers Drew Higgins & Will Kelleher from Kelleher & Sadowsky, who represented the buyers and sellers respectively. The acquisition provides Clark University with significant potential for future development or expansion.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$370,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,691.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,946.55
Annual Debt Service$395,358.55
Is there something missing? Send suggestions