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316 Washington Street, Weym...

Northeast Private Client Group Brokered $4.85M Retail Sale In Weymouth, MA
SOLDRetail

Northeast Private Client Group Brokered $4.85M Retail Sale In Weymouth, MA

316 Washington Street, Weymouth, Massachusetts, USA

$4,850,000

$196/SF

Building Size

24,700 SF

Asset Type

Retail

Closing

Jul 12, 2020

AI

The retail property located at 316 Washington Street in Weymouth, MA has been sold for $4,850,000. The property spans 24,700 square feet, resulting in a price per square foot of $196. Situated on a 2.23-acre lot, the price per acre amounts to $2,174,888.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $4,850,000
  • Square Footage: 24,700
  • Price per Square Foot: $196
  • Address: 316 Washington Street, Weymouth, MA
  • Market: Weymouth, MA
  • Lot Size: 2.23 acres
  • Price per Acre: $2,174,888

The sale was facilitated by Tim McGeary & Jake Freeman of Northeast Private Client Group, who represented the buyer and seller in this transaction.

Players

Tim McGeary

NorthEast Private Client Group

Broker

$67.8M

vol

15 deals

Broker

Weymouth 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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93