Marcus & Millichap Sells Retail Property In Wareham, MA For $950,000
SOLD
$950,000
Massachusetts
See Similar DealsRetail9,698 SF
Sold 12/16/2021
SOLD
Marcus & Millichap Sells Retail Property In Wareham, MA For $950,000
215 Main Street, Wareham, Massachusetts 02571, United States
See Similar DealsRetail9,698 SF
Sold 12/16/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$98
Total Square Footage:9,698 SF
Transaction Type:Sale
Located at 215-219 Main St in Wareham, MA, this retail property was recently sold on December 16, 2021. The transaction was facilitated by Brett Kilar and Adam Cohen of Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $950,000
- Square Footage: 9,698
- Price per Square Foot: $98
Brett Kilar and Adam Cohen from Marcus & Millichap represented the parties involved in this sale. The property offers a spacious 9,698 square feet of retail space and was sold for a total of $950,000, resulting in a price per square foot of $98.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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