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Horvath & Tremblay Represents Seller In $6.98 Million Retail Plaza Sale In Wilmington, MA
SOLD
$6,983,421
Massachusetts
See Similar DealsRetail6,924 SF
Sold
SOLD
Horvath & Tremblay Represents Seller In $6.98 Million Retail Plaza Sale In Wilmington, MA
208 Main Street
See Similar DealsRetail6,924 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1008
Total Square Footage:6924 SF
Transaction Type:Sale
208 Main Street is a retail asset located in Wilmington, MA that encompasses 6,924 square feet and was sold for $6,983,421. The property is a two-tenant, build-to-suit retail plaza, currently leased to Chase Bank and Chipotle, with a price per square foot of $1,009.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,983,421
- Square Footage: 6,924
- Price Per Square Foot: $1,009
- Address: 208 Main Street
- Market: Wilmington, MA
The sale was facilitated by brokers Robert Horvath, Jack Laurendeau, and Todd Tremblay from Horvath & Tremblay, who represented the seller while also procuring the buyer for this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$372,449.10
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,810.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,104.98
Annual Debt Service$397,259.74
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