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Farm In Wayland, MA Sold For $7.85M With Buyer's Rep Tori MacDowell & Seller's Rep Terry Perlmutter
SOLD
$7,850,000
Massachusetts
See Similar DealsFarm4,750 SF
Sold 01/10/2024
SOLD
Farm In Wayland, MA Sold For $7.85M With Buyer's Rep Tori MacDowell & Seller's Rep Terry Perlmutter
48 Lincoln Road
See Similar DealsFarm4,750 SF
Sold 01/10/2024
Summary
MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$1,652
Total Square Footage:4,750 SF
Transaction Type:Sale
The farm property located at 48 Lincoln Road in Wayland, MA, spanning 34.12 acres, was sold for $7,850,000. The transaction took place on 01/10/2024.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $7,850,000
- Square Footage: 4,750 SF
- Price per Square Foot: $1,653
- Address: 48 Lincoln Road, Wayland, MA
- Market: Wayland, MA
Tori MacDowell from Advisors Living represented the buyer, while Terry Perlmutter from Barrett Sotheby's International Realty represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$418,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06
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