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100 North Main Street, Carv...

Carver, MA Retail Property With Shaw's And CVS Sold For $25M By NNN Pro Group - Marcus & Millichap
SOLDRetail

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

$25,000,000

$293/SF

Building Size

85,199 SF

Asset Type

Retail

Closing

Jul 30, 2020

AI

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

Josh Kanter

Surmount

Broker

$626.3M

vol

100 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Carver Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93