Updated Dec 19, 2023
Bob Horvath & Todd Tremblay Acquire Retail Property In Bourne, MA For $5.95M
2 Bridge Approach St, Bourne, MA 02532
$5,950,000
$248/SF
Building Size
23,968 SF
Asset Type
Retail
Closing
Apr 4, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 2 Bridge Approach St in Bourne, MA. The property sits on a 3.03-acre lot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,950,000
- Square Footage: 23,968
- Price per Square Foot: $248
- Date of Transaction: 04/05/2022
- Market: Bourne, MA
The transaction was facilitated by brokers Bob Horvath and Todd Tremblay from Horvath & Tremblay.
The retail sale at 2 Bridge Approach St, Bourne, MA 02532 in Buzzards Bay, Massachusetts sold for $6M in 2022. The building is 23,968 square feet, implying about 248 per square foot on the published price. Todd Tremblay, Robert (Bob) Horvath, Horvath & Tremblay appear on the sale alongside Horvath & Tremblay. This page is the Buzzards Bay, Massachusetts file for the 2 Bridge Approach St, Bourne, MA 02532 retail sold: pricing, party profiles, and other closed retail comps from the same Buzzards Bay sit in the Market section below. Filter that Buzzards Bay retail set by closing date to see what else sold near 2 Bridge Approach St, Bourne, MA 02532 around 2022. Published consideration for 2 Bridge Approach St, Bourne, MA 02532 is $6M, dated 2022. Cite this Bob Horvath & Todd Tremblay Acquire Retail Property In Bourne, MA For $5.95M sale when underwriting similar retail product around Buzzards Bay, Massachusetts.
Players
Buzzards Bay 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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93