Horvath & Tremblay Broker Todd Tremblay Acquires Retail Property In Medford, MA For $4.02M
SOLD
$4,020,000
Massachusetts
See Similar DealsRetail8,360 SF
Sold 11/03/2022
SOLD
Horvath & Tremblay Broker Todd Tremblay Acquires Retail Property In Medford, MA For $4.02M
337 Mystic Avenue
See Similar DealsRetail8,360 SF
Sold 11/03/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$480
Total Square Footage:8,360 SF
Transaction Type:Sale
The retail property located at 337 Mystic Avenue in Medford, MA has been sold. The transaction took place on 11/03/2022 for a total sale price of $4,020,000. The property has a total area of 8,360 square feet, resulting in a price per square foot of $481.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,020,000
- Address: 337 Mystic Avenue, Medford, MA
- Market: Medford, MA
- Square Footage: 8,360
- Price per Square Foot: $481
The deal was brokered by Todd Tremblay and Bob Horvath of Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$214,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,282.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,056.85
Annual Debt Service$228,682.21
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