Terra Management Acquires Mixed Use Property In Hudson, MA For $1.55M
71 Parmenter Road, Hudson, Massachusetts, USA
$1,550,000
$206/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Dec 3, 2021
AI
Terra Management, LLC has acquired a mixed-use property located at 71 Parmenter Rd, Hudson, MA. The property spans across 22.1 acres and features a total of 7,500 square feet.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: $1,550,000
- Date: 12/03/2021
- Market: Hudson, MA
- Buyer: Terra Management, LLC
- Seller: Vertical Bridge AM, LLC
- Broker: Bret O’Brien & Tyler DeWolfe - Greater Boston Commercial Properties, Inc.
The transaction was facilitated by Bret O’Brien and Tyler DeWolfe, representing Greater Boston Commercial Properties, Inc. for Terra Management, LLC. The buyer, Terra Management, LLC, acquired the property from the seller, Vertical Bridge AM, LLC, for a price of $1,550,000. The property has a price per square foot of $207.
Players
Hudson 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93