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35 West Main Street

CVS Pharmacy Property In Norton, MA Sold For $4.62M With Marcus & Millichap Brokers
SOLDRetail

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

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

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