Mark Lyman & Harrison Klein Sell Industrial Property In Worcester, MA For $1.4M
SOLD
$1,400,000
Massachusetts
See Similar DealsIndustrial15,200 SF
Sold 12/28/2020
SOLD
Mark Lyman & Harrison Klein Sell Industrial Property In Worcester, MA For $1.4M
340 Tacoma Street, Worcester, MA, USA
See Similar DealsIndustrial15,200 SF
Sold 12/28/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:15,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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