Updated Oct 29, 2024
Wedgewood Weddings Acquires Industrial Wedding Venue In Scituate, MA For $2.5M
21 Barker Road
$2,500,000
$257/SF
Building Size
9,700 SF
Asset Type
Industrial
Closing
Feb 28, 2023
About this deal
AI
The industrial property located at 21 Barker Road in Scituate, MA has been sold. The property, which serves as a wedding venue, was sold for a total price of $2,500,000. It encompasses a total area of 9,700 square feet, resulting in a price per square foot of $258.
Summary of transaction details
- Property Type: Industrial (Wedding Venue)
- Transaction Amount: $2,500,000
- Address: 21 Barker Road, Scituate, MA
- Market: Scituate, MA
- Buyer: Wedgewood Weddings
- Seller: The Barker Tavern
- Broker: Mark Richard - Corbett Restaurant Group
- Square Footage: 9,700
- Price per Square Foot: $258
Wedgewood Weddings served as the buyer in this transaction, acquiring the industrial property. The seller of the property was The Barker Tavern. Mark Richard from Corbett Restaurant Group acted as the broker representing Wedgewood Weddings. This successful sales transaction reflects the demand for industrial properties with a specific focus on wedding venues in the Scituate, MA market.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93