Grove Street Neighbors LLC Acquires Retail Property In Wellesley, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsRetail1,797 SF
Sold 11/05/2021
SOLD
Grove Street Neighbors LLC Acquires Retail Property In Wellesley, MA For $1.1M
39-41 Grove Street, Wellesley, Massachusetts, USA
See Similar DealsRetail1,797 SF
Sold 11/05/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$612
Total Square Footage:1,797 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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