Marcus & Millichap Boston Brokers Sell Industrial Property In Worcester, MA For $2.45M
50 Richland Street, Worcester, MA, USA
$2,450,000
$47/SF
Building Size
51,646 SF
Asset Type
Industrial
Closing
Mar 30, 2021
AI
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.
Players
Worcester Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93