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100 Duvol Road

Rajiv Motwane Acquires Orchard Hills Athletic Club In Lancaster For $8 Million With Kelleher & Sadowsky's Mark Johns & Tom Bodden As Seller's Representatives
SOLDMixed-use

Rajiv Motwane Acquires Orchard Hills Athletic Club In Lancaster For $8 Million With Kelleher & Sadowsky's Mark Johns & Tom Bodden As Seller's Representatives

100 Duvol Road

$8,000,000

$145/SF

Building Size

55,080 SF

Asset Type

Mixed-use

Closing

Oct 29, 2024

AI

The property asset involved in the transaction is a mixed-use facility located at 100 Duvol Road, Lancaster, MA. It has a sale price of $8,000,000 and encompasses a total square footage of 55,080. The facility is recognized for its extensive athletic offerings across over 18 acres, including a main building with an attached 25,000 square foot bubble housing tennis courts.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,000,000
  • Buyer: Rajiv Motwane
  • Seller’s Representative: Mark Johns & Tom Bodden - Kelleher & Sadowsky Associates
  • Location: 100 Duvol Road, Lancaster, MA
  • Total Square Footage: 55,080
  • Price Per Square Foot: $145

The transaction was facilitated by Kelleher & Sadowsky, with Mark Johns leading the business brokerage group along with Thomas Bodden, who represented the seller in this deal. The new owner aims to maintain the established standards of Orchard Hills Athletic Club while further expanding its services and offerings.

Players

Tom Bodden

Kelleher & Sadowsky

Broker

$9.9M

vol

4 deals

Broker

Lancaster Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93