facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

369 Main Street, Wakefield,...

Thibeault Development Acquires Retail Property On Main Street In Wakefield, MA For $3.65M
SOLDRetail

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

Todd Glaskin

Coldwell Banker

Broker

$109.8M

vol

23 deals

Broker

William Thibeault

Thibeault Development

Buyer

$140.9M

vol

5 deals

Buyer

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