Updated Oct 28, 2024
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
About this deal
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
Wellesley 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93