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2 Constitution Blvd, Frankl...

Marcus & Millichap Boston Brokers Facilitate $1.18M Sale Of Net Leased Child Care Property In Franklin, MA
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Marcus & Millichap Boston Brokers Facilitate $1.18M Sale Of Net Leased Child Care Property In Franklin, MA

2 Constitution Blvd, Franklin, MA 02038, Estados Unidos

$1,180,000

$185/SF

Building Size

6,375 SF

Asset Type

Other

Closing

Oct 12, 2020

AI

Located at 2 Constitution Blvd in Franklin, MA, this net leased child care facility was recently sold in a closed transaction. The deal was facilitated by L.A. Drinkwater and Seth Richard from Marcus & Millichap Boston, acting as brokers in the deal. The property spans an area of 6,375 square feet and was sold for a price of $1,180,000, resulting in a price per square foot of $185.

Summary of transaction details:

  • Property Type: Net Leased Child Care
  • Transaction Amount: $1,180,000
  • Address: 2 Constitution Blvd, Franklin, MA
  • Market: Franklin, MA
  • Broker: L.A. Drinkwater & Seth Richard – Marcus & Millichap Boston
  • Square Footage: 6,375
  • Price per Square Foot: $185

This successful transaction was made possible with the expertise of L.A. Drinkwater and Seth Richard from Marcus & Millichap Boston. They played a crucial role in representing the buyer and seller in the negotiation process. The sale of this net leased child care facility represents a significant milestone in the Franklin, MA market.

Players

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

Franklin Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93