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
Weymouth Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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