facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

301 Great Road

Red Castle Real Estate Purchases Multifamily Properties In Acton MA For $13 Million With Seller's Rep Cushman & Wakefield
SOLDMultiFamily

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

$13,000,000

$151/SF

Building Size

86,028 SF

Asset Type

MultiFamily

Closing

Dec 23, 2024

AI

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:

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.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker

Acton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93