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29 Accord Park Drive, Norwe...

Updated Oct 28, 2024

Store Capital Acquires Retail Property In Rockland, MA For $2.7M
SOLDRetail

Store Capital Acquires Retail Property In Rockland, MA For $2.7M

29 Accord Park Drive, Norwell, Massachusetts 02061, United States

$2,657,552

$85/SF

Building Size

30,920 SF

Asset Type

Retail

Closing

May 12, 2022

About this deal

AI

The retail property located at 29 Accord Park Dr in Rockland, MA has been sold for a total purchase price of $2,657,552. The transaction took place on 05/13/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,657,552
  • Market: Rockland, MA
  • Buyer: Store Capital
  • Seller: Restaurant Growth Services LLC - Craig Barber

The buyer in this transaction, Store Capital, has acquired the retail property from the seller, Restaurant Growth Services LLC, represented by Craig Barber. Craig Barber serves as the representative of the seller in this deal.

Players

Store Capital
Store CapitalBuyer

Craig Barber

Restaurant Growth Services LLC

Seller

$22.4M

vol

6 deals

Seller

Norwell Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $85 per square foot on a published $2.7M for 30,920 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.97%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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