Red Castle Real Estate Purchases Multifamily Properties In Acton MA For $13 Million With Seller's Rep Cushman & Wakefield
SOLD
$13,000,000
+ 4
Massachusetts
See Similar DealsMultiFamily86,028 SF
Sold 12/23/2024
SOLD
Red Castle Real Estate Purchases Multifamily Properties In Acton MA For $13 Million With Seller's Rep Cushman & Wakefield
301 Great Road & 488 Great Road
See Similar DealsMultiFamily86,028 SF
Sold 12/23/2024
+ 4
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:86,028 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 301 Great Road & 488 Great Road in Acton, MA. The sale price for this property was $13,000,000, which translates to a price per unit of $260,000 for the 50 units available.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Units: 50
- Price Per Unit: $260,000
- Buyer: Red Castle Real Estate
- Seller: Wood Family
- Seller's Representatives: John Flaherty, Christopher Sower, Jonathan Bryant, Bruce Lusa, Kevin Jones, Julie Regan & Mary VanNatta - Cushman & Wakefield
- Date of Transaction: 12/23/2024
The transaction involved Red Castle Real Estate as the buyer and the Wood Family as the seller. The deal was supported by a team of representatives from Cushman & Wakefield, showcasing their role in facilitating the transaction, which finalized on December 23, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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