RPT Realty Acquires Retail Property In Bedford, MA For $54.5M
SOLD
$54,500,000
Massachusetts
See Similar DealsRetail153,374 SF
Sold 07/30/2020
SOLD
RPT Realty Acquires Retail Property In Bedford, MA For $54.5M
160 Great Road, Bedford, MA, USA
See Similar DealsRetail153,374 SF
Sold 07/30/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$355
Total Square Footage:153,374 SF
Transaction Type:Sale
The retail property located at 160 Great Road in Bedford, MA has been sold. The transaction took place on July 30, 2021, with RPT Realty as the buyer. The property was represented by broker James Koury from Marcus & Millichap Boston. The sale price for the property was $54,500,000. The total square footage of the property is 153,374, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $54,500,000
- Address: 160 Great Road, Bedford, MA
- Market: Bedford, MA
- Buyer: RPT Realty
- Broker: James Koury - Marcus & Millichap Boston
- Square Footage: 153,374
- Price per Square Foot: $355
James Koury from Marcus & Millichap Boston played a crucial role as the broker representing the property in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,906,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$193,627.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$258,357.80
Annual Debt Service$3,100,293.66
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