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216 Providence Highway

Westwood Realty Ventures LLC Acquires Lambert's Rainbow Market Property For $12.8M
SOLDRetail

Westwood Realty Ventures LLC Acquires Lambert's Rainbow Market Property For $12.8M

216 Providence Highway & 310 Providence Highway

$12,800,000

Building Size

Asset Type

Retail

Closing

Sep 25, 2023

AI

A retail property in Westwood, MA has been sold for $12.8 million. The property, located at 216-310 Providence Highway, includes a plaza. The sellers, Danny Lambert and Billy Lambert of the Lambert Family, who own Lambert’s Rainbow Market stores in Westwood, have sold the property to Westwood Realty Ventures LLC.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $12,800,000
  • Address: 216-310 Providence Highway, Westwood, MA
  • Market: Westwood, MA

Westwood Realty Ventures LLC has acquired the retail property and plaza at 216-310 Providence Highway in Westwood, MA. This transaction was facilitated by Danny Lambert and Billy Lambert of the Lambert Family, representing the sellers. The Lambert family, known for operating Lambert’s Rainbow Market stores, sold the property for $12.8 million. This sale marks a significant transaction in the Westwood market.

Players

Danny Lambert

Lambert Family

Seller

$22.8M

vol

2 deals

Seller

Westwood 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

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93