Carver, MA Retail Property With Shaw's And CVS Sold For $25M By NNN Pro Group - Marcus & Millichap
SOLD
$25,000,000
Massachusetts
See Similar DealsRetail85,199 SF
Sold 07/30/2020
SOLD
Carver, MA Retail Property With Shaw's And CVS Sold For $25M By NNN Pro Group - Marcus & Millichap
100 North Main Street, Carver, MA, USA
See Similar DealsRetail85,199 SF
Sold 07/30/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$293
Total Square Footage:85,199 SF
Transaction Type:Sale
A retail property located at 100 North Main Street in Carver, MA has been sold for $25,000,000. The property spans 85,199 square feet and has an approximate price per square foot of $293. Situated on 17.15 acres, the property has a price per acre of $1,457,726. The transaction took place on 07/30/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,000,000
- Market: Carver, MA
- Address: 100 North Main Street
The sale was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia of NNN Pro Group - Marcus & Millichap. The property is occupied by Shaw's and CVS as tenants.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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