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39-41 Grove Street, Wellesl...

Grove Street Neighbors LLC Acquires Retail Property In Wellesley, MA For $1.1M
SOLDRetail

Grove Street Neighbors LLC Acquires Retail Property In Wellesley, MA For $1.1M

39-41 Grove Street, Wellesley, Massachusetts, USA

$1,100,000

$612/SF

Building Size

1,797 SF

Asset Type

Retail

Closing

Nov 5, 2021

AI

The retail property located at 39-41 Grove Street in Wellesley, MA has been sold in a recent transaction. The property spans 1,797 square feet and was sold for a total price of $1,100,000, resulting in a price per square foot of $612. The sale took place on 11/05/2021.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $1,100,000
  • Square Footage: 1,797
  • Price per Square Foot: $612
  • Address: 39-41 Grove Street, Wellesley, MA
  • Market: Wellesley, MA

The buyer of the property is Grove Street Neighbors LLC, while the seller is Hi Neighbor LLC. The deal was facilitated by Joe Wagner from Boston Realty Advisors acting as the broker representing the parties involved.

Players

Joe Wagner

Boston Realty Advisors

Broker

$88.9M

vol

16 deals

Broker
HL
Hi Neighbor LLCSeller

Wellesley 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93