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2341 Main Street

Horvath & Tremblay Sells Walgreens Property In Tewksbury, MA For $4.55M
SOLDRetail

Horvath & Tremblay Sells Walgreens Property In Tewksbury, MA For $4.55M

2341 Main Street

$4,550,000

Building Size

Asset Type

Retail

Closing

Dec 8, 2023

AI

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.

Players

Brad Canova

Horvath & Tremblay

Broker

$17.8M

vol

4 deals

Broker

Tewksbury 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93