Horvath & Tremblay Represents $10M Retail Sale In Leominster, MA
SOLD
$10,000,000
Massachusetts
See Similar DealsRetail14,820 SF
Sold 09/13/2022
SOLD
Horvath & Tremblay Represents $10M Retail Sale In Leominster, MA
35 Central Street
See Similar DealsRetail14,820 SF
Sold 09/13/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$674
Total Square Footage:14,820 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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