Store Capital Acquires Retail Property In Rockland, MA For $2.7M
SOLD
$2,657,552
Massachusetts
See Similar DealsRetail30,920 SF
Sold 05/13/2022
SOLD
Store Capital Acquires Retail Property In Rockland, MA For $2.7M
29 Accord Park Drive, Norwell, Massachusetts 02061, United States
See Similar DealsRetail30,920 SF
Sold 05/13/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:30,920 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,736.10
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,441.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,598.15
Annual Debt Service$151,177.83
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