Tyler DeWolfe & Nishan Papazian Close $4.3M Sale Of Mixed-Use Property In Shrewsbury, MA
697 Hartford Turnpike
$4,300,000
$119/SF
Building Size
36,000 SF
Asset Type
Mixed-use
Closing
Jan 5, 2024
AI
Tyler DeWolfe and Nishan Papazian of Greater Boston Commercial Properties, Inc. closed a $4.3 million sale for the 36,000 sq. ft. multi-tenant flex building located at 697 Hartford Turnpike in Shrewsbury, MA. The property features a mixed-use asset type and is situated in the local market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- Square Footage: 36,000 sq. ft.
- Price per Square Foot: $119
- Address: 697 Hartford Turnpike, Shrewsbury, MA
- Market: Shrewsbury, MA
The seller in this transaction was 697 Hartford Turnpike, LLC. On behalf of the seller, Tyler DeWolfe and Nishan Papazian of Greater Boston Commercial Properties, Inc. represented the deal. The buyer was represented by Andy Murray of A. Murray Real Estate, LLC.
Players
Shrewsbury 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93