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:
- 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.
Players
Acton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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