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2935 Acushnet Avenue, New B...

Horvath & Tremblay Acquires Retail Property In New Bedford, MA For $4.5M
SOLDRetail

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

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

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