ScrubaDub Car Wash Acquires Retail Property In Medford, MA From Minuteman Car Wash For $3M
2 Fulbright Street
$3,000,000
$231/SF
Building Size
12,981 SF
Asset Type
Retail
Closing
Sep 7, 2022
AI
The property asset involved in the transaction is a retail space located at 2 Fulbright St in Medford, MA. The transaction was completed at a sale price of $3,000,000, with a total square footage of 12,981. The price per square foot is $231.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Buyer: ScrubaDub Car Wash
- Seller: Minuteman Car Wash
- Buyer's Representative: Andrew Jacob - Atlantic Retail
- Seller's Representative: Melissa Chaput - PMS
This transaction showcases key representatives in the deal, with Andrew Jacob acting on behalf of the buyer, ScrubaDub Car Wash, while Melissa Chaput represented the seller, Minuteman Car Wash.
Players
Medford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93