Tuccio Properties & Deer Hill Capital Acquire Mixed-Use In Raynham For $1.9M
SOLD
$1,900,000
Massachusetts
See Similar DealsMixed-use47,000 SF
Sold 05/02/2024
SOLD
Tuccio Properties & Deer Hill Capital Acquire Mixed-Use In Raynham For $1.9M
770 Broadway
See Similar DealsMixed-use47,000 SF
Sold 05/02/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$40
Total Square Footage:47,000 SF
Transaction Type:Sale
Located at 770 Broadway in Raynham, MA, the property involved in the transaction is a mixed-use asset spanning 47,000 square feet. The sale price for this property was $1,900,000, resulting in a price per square foot of $40.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Buyer: Andrew Tuccio - Tuccio Properties Group & Deer Hill Capital
- Seller: Raynahm Depot
- Market: Raynham, MA
Andrew Tuccio of Tuccio Properties Group and Deer Hill Capital collaborated to form a joint venture for the purpose of acquiring Raynham Depot. Their shared vision includes plans to reinvest in and revitalize the plaza, ushering in a new chapter for this mixed-use property.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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