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
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