Updated Dec 19, 2023
Mark Lyman & Harrison Klein Sell Industrial Property In Worcester, MA For $1.4M
340 Tacoma Street, Worcester, MA, USA
$1,400,000
$92/SF
Building Size
15,200 SF
Asset Type
Industrial
Closing
Dec 27, 2020
About this deal
AI
An industrial property located at 340 Tacoma Street in Worcester, MA was recently sold. The transaction took place on December 28, 2020.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $1,400,000
- Square Footage: 15,200
- Price Per Square Foot: $92
- Market: Worcester, MA
The sale of the property was facilitated by Harrison Klein and Mark Lyman of Klein Group @ Marcus & Millichap, who acted as brokers in the deal.
Mark Lyman and Harrison Klein represented the buyer and seller respectively throughout the transaction.
On the Map
$1,400,000
$92/SF
Industrial
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Players
Worcester 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93