Northeast Private Client Group Brokered $4.85M Retail Sale In Weymouth, MA
SOLD
$4,850,000
Massachusetts
See Similar DealsRetail24,700 SF
Sold 07/12/2020
SOLD
Northeast Private Client Group Brokered $4.85M Retail Sale In Weymouth, MA
316 Washington Street, Weymouth, Massachusetts, USA
See Similar DealsRetail24,700 SF
Sold 07/12/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$196
Total Square Footage:24,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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