CVS Pharmacy Property In Norton, MA Sold For $4.62M With Marcus & Millichap Brokers
35 West Main Street
$4,620,000
$456/SF
Building Size
10,125 SF
Asset Type
Retail
Closing
Sep 19, 2023
AI
A retail property located at 35 West Main Street in Norton, Massachusetts has been sold for $4.62 million. The property spans 10,125 square feet and has a price per square foot of $456. It is a strategically located property in a college town, and it comes with a long-term lease from CVS Pharmacy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,620,000
- Square Footage: 10,125
- Price per Square Foot: $456
- Address: 35 West Main Street, Norton, MA
- Market: Norton, MA
Laurie Ann "L.A." Drinkwater, Seth J. Richard, and Tom Shihadeh of Marcus & Millichap represented the seller in this transaction. They served as the broker for the deal, ensuring a successful sale of the CVS Pharmacy property in Norton, Massachusetts.
Players
Norton 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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93