Horvath & Tremblay Acquires Retail Property In New Bedford, MA For $4.5M
2935 Acushnet Avenue, New Bedford, Massachusetts 02745, United States
$4,500,000
$98/SF
Building Size
45,675 SF
Asset Type
Retail
Closing
May 26, 2022
AI
The retail property located at 2935-2941 Acushnet Ave in New Bedford, MA has been sold. This property spans an area of 3.84 acres and was listed for sale by Bob Horvath, Todd Tremblay, and Hobart Hare of Horvath & Tremblay. The transaction was completed on 05/27/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 2935-2941 Acushnet Ave, New Bedford, MA
- Market: New Bedford, MA
- Acres: 3.84
The selling price for this retail property was $4,500,000, with a total area of 45,675 square feet. The price per square foot was $99.
Bob Horvath, Todd Tremblay, and Hobart Hare of Horvath & Tremblay acted as the brokers for this transaction. They represented the buyer and seller, assisting in the sale of the property.
Players
New Bedford 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93