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235 South Main Street

Geoffrey Schwartz Acquires Retail Property On South Main Street, Middleton, MA For $7.7M
SOLDRetail

Geoffrey Schwartz Acquires Retail Property On South Main Street, Middleton, MA For $7.7M

235 South Main Street

$7,692,000

$532/SF

Building Size

14,440 SF

Asset Type

Retail

Closing

Feb 16, 2023

AI

A retail property located at 235 South Main Street in Middleton, MA has been sold in a recent transaction. The property spans over 14,440 square feet and was sold for a price of $7,692,000, resulting in a price per square foot of $533. The sale took place on February 16, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,692,000
  • Address: 235 South Main Street, Middleton, MA
  • Market: Middleton, MA
  • Square Footage: 14,440 sqft

The buyer of the property is Geoffrey Schwartz, while the seller is Antoney Herrey. Richard Dorfman from SRS Real Estate Partners and Grant Korn from Matthews Real Estate Investment Services acted as the brokers in this transaction. Michael Welsh from Dalton & Finegold LLP served as the buyer's counsel.

It is noteworthy that the property was sold at a price per square foot of $533, reflecting the market value and the desirability of the retail asset. The involvement of experienced professionals, such as Richard Dorfman, Grant Korn, and Michael Welsh, highlights the significance of this transaction for all parties involved.

Players

Richard Dorfman

SRS Real Estate Partners

Broker

$39.7M

vol

5 deals

Broker

Market 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

2.06%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93