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Horvath & Tremblay Sells Walgreens Property In Tewksbury, MA For $4.55M
SOLD
$4,550,000
Massachusetts
See Similar DealsRetail
Sold 12/08/2023
SOLD
Horvath & Tremblay Sells Walgreens Property In Tewksbury, MA For $4.55M
2341 Main Street
See Similar DealsRetail
Sold 12/08/2023
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
Horvath & Tremblay, represented by Brad Canova, has successfully sold a Walgreens property in Tewksbury, Mass., at a transaction value of $4.55 million. The property, located at 2341 Main Street, is a retail asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,550,000
- Address: 2341 Main Street, Tewksbury, MA
- Market: Tewksbury, MA
Brad Canova from Horvath & Tremblay played a crucial role as the broker in this successful sale. With their expertise, they were able to facilitate the transaction between the buyer and seller, resulting in a substantial deal value.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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