Updated Dec 19, 2023
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
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93