Updated Dec 21, 2023
Horvath & Tremblay Brokers Sell Worcester Retail Property For $3.28M
1413 Grafton Street, Worcester, Massachusetts 01604, United States
$3,280,000
$226/SF
Building Size
14,457 SF
Asset Type
Retail
Closing
May 26, 2022
About this deal
AI
A retail property located at 1413 Grafton St in Worcester, MA was recently sold. The property sits on 2.32 acres and covers a total area of 14,457 square feet. The transaction took place on 05/27/2022 and was facilitated by brokers Bob Horvath, Todd Tremblay, and Joe DeSalvo from Horvath & Tremblay.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,280,000
- Price per Square Foot: $227
- Address: 1413 Grafton St, Worcester, MA
- Market: Worcester, MA
- Acres: 2.32
- Brokers: Bob Horvath, Todd Tremblay, and Joe DeSalvo - Horvath & Tremblay
The deal involved the collaboration of Bob Horvath, Todd Tremblay, and Joe DeSalvo from Horvath & Tremblay. They successfully closed the transaction, securing the sale of the retail property for a price of $3,280,000. This equates to a price per square foot of $227. The property's location at 1413 Grafton St in Worcester, MA and its sizable area of 14,457 square feet contributed to its attractiveness in the market.
Players
Worcester 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
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93