Updated Dec 4, 2024
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
About this deal
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
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