Marcus & Millichap Boston Brokers Sell Industrial Property In Worcester, MA For $2.45M
SOLD
$2,450,000
Massachusetts
See Similar DealsIndustrial51,646 SF
Sold 03/31/2021
SOLD
Marcus & Millichap Boston Brokers Sell Industrial Property In Worcester, MA For $2.45M
50 Richland Street, Worcester, MA, USA
See Similar DealsIndustrial51,646 SF
Sold 03/31/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$47
Total Square Footage:51,646 SF
Transaction Type:Sale
An industrial property located at 50 Richland Street in Worcester, MA was recently sold for a price of $2,450,000. The property, with a size of 51,646 square feet, was sold on March 31, 2021. The sale price per square foot was $47.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,450,000
- Address: 50 Richland Street
- Market: Worcester, MA
- Square Footage: 51,646
The sale of this industrial property was facilitated by the brokers Harrison Klein and Mark Lyman from Marcus & Millichap Boston.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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