Updated Dec 4, 2024
UMass Amherst Acquires Catholic Center In Amherst, MA For $12.5M
472 N Pleasant St, Amherst, MA 01002, USA
$12,500,000
$21/SF
Building Size
580,000 SF
Asset Type
Other
Closing
Aug 26, 2020
About this deal
AI
The Catholic Center located at 472 North Pleasant Street in Amherst, MA has been sold. The transaction took place on August 27, 2020. The property, spanning 58,000 square feet, was acquired by UMass Amherst for a total sale price of $12,500,000. This translates to a price per square foot of $216.
Summary of transaction details:
- Property Type: Catholic Center
- Transaction Amount: $12,500,000
- Address: 472 North Pleasant Street, Amherst, MA
- Market: Amherst, MA
- Square Footage: 58,000
- Price per Square Foot: $216
The Catholic Center's sale to UMass Amherst demonstrates the university's expansion plans and investment in its facilities. This transaction signifies the commitment of UMass Amherst to providing enhanced amenities and resources to its students and faculty.
Players
Amherst Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93