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286 Pleasant St, Worcester,...

Updated Dec 19, 2023

Horvath & Tremblay Brokers Sell Retail Property On Pleasant Street In Worcester, MA For $1.075M
SOLDRetail

Horvath & Tremblay Brokers Sell Retail Property On Pleasant Street In Worcester, MA For $1.075M

286 Pleasant St, Worcester, MA 01609, Estados Unidos

$1,075,000

$137/SF

Building Size

7,818 SF

Asset Type

Retail

Closing

Nov 5, 2020

About this deal

AI

A retail property located at 286 Pleasant Street in Worcester, MA has been sold for $1,075,000. The property spans 7,818 square feet, resulting in a price per square foot of $138. The transaction was facilitated by Joseph Desalvo, Bob Horvath, and Todd Tremblay of Horvath & Tremblay.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,075,000
  • Address: 286 Pleasant Street, Worcester, MA
  • Market: Worcester, MA
  • Size (SF): 7,818
  • Price Per Square Foot (PPSF): $138
  • Brokers: Joseph Desalvo, Bob Horvath, and Todd Tremblay - Horvath & Tremblay

The deal involved the experienced brokers Joseph Desalvo, Bob Horvath, and Todd Tremblay from Horvath & Tremblay. Their expertise played a crucial role in successfully closing the transaction. The property's location in Worcester, MA adds value to the deal, as it is situated in a thriving market.

Players

Joseph Desalvo

Horvath & Tremblay

Broker

$14M

vol

7 deals

Broker

Worcester Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $137 per square foot on a published $1.1M for 7,818 square feet (2020).

Visit Joseph (Joe) Desalvo to view all their deals.

Browse Massachusetts retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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