Updated Sep 9, 2024
Horvath & Tremblay Sell Walgreens Leasehold Interest In Shrewsbury, MA For $4.56M
225 Boston Turnpike Shrewsbury, MA 01545, USA
$4,560,000
Building Size
—
Asset Type
Retail
Closing
Jun 23, 2023
About this deal
AI
Horvath & Tremblay, represented by Bob Horvath and Todd Tremblay, have successfully concluded the sale of Walgreens' leasehold interest located at 225 Boston Tpke in Shrewsbury, MA. The retail property transaction was valued at $4.56 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,560,000
- Address: 225 Boston Tpke, Shrewsbury, MA
- Market: Shrewsbury, MA
- Brokers: Bob Horvath & Todd Tremblay - Horvath & Tremblay
- Date: 06/23/2023
This sale involved the leasehold interest of Walgreens in the retail property located at 225 Boston Tpke. Horvath & Tremblay, represented by Bob Horvath and Todd Tremblay, successfully facilitated the transaction, which was valued at $4.56 million.
Players
Boston 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
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93