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35 Central Street

Horvath & Tremblay Represents $10M Retail Sale In Leominster, MA
SOLDRetail

Horvath & Tremblay Represents $10M Retail Sale In Leominster, MA

35 Central Street

$10,000,000

$674/SF

Building Size

14,820 SF

Asset Type

Retail

Closing

Sep 13, 2022

AI

The retail property located at 35 Central St in Leominster, MA has been sold for a price of $10,000,000. The property spans 14,820 square feet, resulting in a price per square foot of $675.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Address: 35 Central St, Leominster, MA
  • Market: Leominster, MA
  • Square Footage: 14,820 SF
  • Price Per Square Foot: $675

The sale of the retail property at 35 Central St was facilitated by brokers Bob Horvath, Todd Tremblay, and Hobie Hare of Horvath & Tremblay.

Players

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

Leominster 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93