Updated Sep 5, 2024
Marcus & Millichap Sells Retail Property In Tewksbury, MA For $10.1M With The NNN Pro Group As Brokers
1777 Main Street
$10,128,000
$173/SF
Building Size
58,450 SF
Asset Type
Retail
Closing
Jun 30, 2022
About this deal
AI
The retail property located at 1777 Main St in Tewksbury, MA has recently been sold. The transaction, facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia of The NNN Pro Group of Marcus & Millichap, closed on June 30, 2022. The property spans 58,450 square feet and was sold for a total of $10,128,000, resulting in a price per square foot of $173.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,128,000
- Square Footage: 58,450
- Price Per Square Foot: $173
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia, representing The NNN Pro Group of Marcus & Millichap, played a vital role in overseeing the successful sale of the retail property on Main St in Tewksbury, MA. Their expertise and dedication contributed to the smooth execution of the transaction, ensuring a favorable outcome for all parties involved.
Players
Harrington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Glen Kunofsky to view all their deals.
Browse Harrington retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93