Horvath & Tremblay Broker $8.3M Retail Acquisition In Dudley, MA
SOLD
Massachusetts
See Similar DealsRetail11,186 SF
Sold 07/30/2020
SOLD
Horvath & Tremblay Broker $8.3M Retail Acquisition In Dudley, MA
25-29 W Main St, Dudley, Massachusetts, USA
See Similar DealsRetail11,186 SF
Sold 07/30/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$742
Total Square Footage:11,186 SF
Transaction Type:Sale
A retail property located at 25-29 West Main St. in Dudley, MA was recently sold for a price of $8,300,000. The property spans an area of 11,186 square feet and has a price per square foot of $742. The transaction also included 1.75 acres of land with a price per acre of $4,742,857.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000
- Square Footage: 11,186
- Price per Square Foot: $742
- Address: 25-29 West Main St., Dudley, MA
- Market: Dudley, MA
- Acres: 1.75
- Price per Acre: $4,742,857
The sale of this retail property was facilitated by brokers Bob Horvath, Todd Tremblay, and Hobart Hare from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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