Updated Dec 18, 2023
Horvath & Tremblay Acquires Retail Property In Worcester, MA For $1.08M
256 Lincoln Street, Worcester, MA, USA
$1,080,000
$191/SF
Building Size
5,646 SF
Asset Type
Retail
Closing
Feb 18, 2021
About this deal
AI
An retail property located at 256 Lincoln Street in Worcester, MA was recently sold for $1,080,000. The property spans over 5,646 square feet, resulting in a price per square foot of $191.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,080,000
- Address: 256 Lincoln Street
- Market: Worcester, MA
- Square Feet: 5,646
- Price Per Square Foot: $191
The sale of this retail property was facilitated by brokers Joe Desalvo, Robert Horvath, and Todd Tremblay from Horvath & Tremblay.
Players
Worcester 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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93