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Horvath & Tremblay Sell Citizens Bank In Foxborough MA For $2.375M After Lease Secured
SOLD
$2,375,000
+ 1
Massachusetts
See Similar DealsRetail
Sold 11/03/2025
SOLD
Horvath & Tremblay Sell Citizens Bank In Foxborough MA For $2.375M After Lease Secured
4 Cocasset Street
See Similar DealsRetail
Sold 11/03/2025
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 4 Cocasset Street in Foxborough, MA. It was sold for a total of $2,375,000. The transaction highlights the market dynamics of the retail sector in this specific area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,375,000
- Address: 4 Cocasset Street
- Market: Foxborough, MA
Key individuals involved in the deal include Robert Horvath, Todd Tremblay, Jack Laurendeau, and Matt Siebert, who represented the broker agency Horvath & Tremblay. Notably, this sale was facilitated after the brokers secured a new 10-year lease for Citizens Bank, which consolidated two former branch locations.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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