Thibeault Development Acquires Retail Property On Main Street In Wakefield, MA For $3.65M
369 Main Street, Wakefield, Massachusetts, USA
$3,650,000
$213/SF
Building Size
17,140 SF
Asset Type
Retail
Closing
Jul 30, 2020
AI
Thibeault Development, led by William Thibeault, recently acquired a retail property located at 369 Main Street in Wakefield, MA. The transaction, which took place on July 30, 2021, was facilitated by brokers Todd Glaskin and Gregg Leppo of Coldwell Banker Commercial.
Summary of Transation Details
- Property Type: Retail
- Transaction Amount: $3,650,000
- Square Footage: 17,140 sq ft
- Price Per Square Foot: $213
- Address: 369 Main Street, Wakefield, MA
- Market: Wakefield, MA
The purchase price for the property was $3,650,000, with a total area of approximately 17,140 square feet. The price per square foot equated to $213. Thibeault Development, represented by William Thibeault, successfully completed the transaction in collaboration with brokers Todd Glaskin and Gregg Leppo of Coldwell Banker Commercial.
Players
Wakefield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93