Updated Sep 5, 2024
NNN Pro Group Acquires Retail Property In Tewksbury, MA For $4M
200 Old Main Street, Tewksbury, Massachusetts, USA
$4,000,000
$195/SF
Building Size
20,499 SF
Asset Type
Retail
Closing
Jul 8, 2020
About this deal
AI
The retail property located at 200 Old Main Street in Tewksbury, MA has been sold for a total price of $4,000,000. The property spans across 20,499 square feet, resulting in a price per square foot of $195. Additionally, the property sits on 1.58 acres, with a price per acre of $2,531,646.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 200 Old Main Street, Tewksbury, MA
- Market: Tewksbury, MA
- Square Footage: 20,499
- Price per Square Foot: $195
- Acreage: 1.58
- Price per Acre: $2,531,646
The sale of this retail property was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from NNN Pro Group - Marcus & Millichap.
Players
Tewksbury 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93