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574 State Road

Updated Feb 3, 2025

Terra Living Partners Purchases Plymouth Multifamily Asset From MEGRYCO For $12.8M
SOLDMultiFamily

Terra Living Partners Purchases Plymouth Multifamily Asset From MEGRYCO For $12.8M

574 State Road

$12,800,000

$700/SF

Building Size

18,269 SF

Asset Type

MultiFamily

Closing

Jan 15, 2025

About this deal

AI

The multifamily asset sold is located at 574 State Road in Plymouth, MA. It consists of 55 units and was sold for $12,800,000, equating to a price per unit of $232,727.

Summary of transaction details:

The transaction involved key representatives from Cushman & Wakefield, who facilitated the deal for the seller MEGRYCO. This team played a critical role in navigating the sales process and ensuring a successful transaction.

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$12,800,000

$700/SF

MultiFamily

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Players

Bruce Lusa

Cushman & Wakefield

Broker

$936.3M

vol

63 deals

Broker

Plymouth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $700 per square foot on a published $12.8M for 18,269 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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