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TA Realty Acquires Retail Property In Falmouth, MA For $58.75M

Property Image
SOLD
$58,750,000

Massachusetts

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Retail273,103 SF
Sold 04/22/2022
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Property Image
SOLD

TA Realty Acquires Retail Property In Falmouth, MA For $58.75M

137 Teaticket Hwy, Falmouth, Massachusetts 02540, United States

See Similar Deals
Retail273,103 SF
Sold 04/22/2022
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:273,103 SF
Transaction Type:Sale

The retail property located at 137 Teaticket Hwy in Falmouth, MA has been sold in a transaction. The property encompasses a total area of 273,103 square feet and was sold for a price of $58,750,000, resulting in a price per square foot of $2,515. The sale took place on April 22, 2022, and involved the buyer, TA Realty, and the seller, O'Connor Capital Partners. The deal was facilitated by Geoff Millerd, Jon Martin, and Paul Penman of Newmark, who acted as the brokers representing the parties involved.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $58,750,000
  • Address: 137 Teaticket Hwy, Falmouth, MA
  • Market: Falmouth, MA
  • Buyer: TA Realty
  • Seller: O'Connor Capital Partners
  • Brokers: Geoff Millerd, Jon Martin, and Paul Penman - Newmark

In this closed transaction, TA Realty purchased the retail property at 137 Teaticket Hwy from O'Connor Capital Partners for a sale price of $58,750,000. The property spans an area of 273,103 square feet and is located in Falmouth, MA. The transaction was brokered by Geoff Millerd, Jon Martin, and Paul Penman from the Newmark agency.

Players

Geoffrey Millerd
14 deals$825M volume
BROKER

Paul Penman
Newmark
14 deals$884.1M volume(617) 863-8638
BROKER

Jonathan (Jon) Martin
Newmark
9 deals$659.2M volume(972) 450-3262
BROKER

TA Realty
BUYER


Details

SOLD
IMAGE: Geoff Millerd, Jon Martin & Paul Penman DATE: 04/22/2022 ADDRESS: 137 Teaticket Hwy MARKET: Falmouth, MA ASSET TYPE: Retail BUYER: TA Realty SELLER: O'Connor Capital Partners BROKERS: Geoff Millerd, Jon Martin & Paul Penman - Newmark SALE PRICE: $58,750,000 SF: 273,103 ~ PPSF: $2515

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$208,726.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$278,504.97
Annual Debt Service$3,342,059.67