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
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