SVN | Parsons Commercial Group Acquires Retail Properties In Newton, Waltham, & Bellingham, MA For $7M
40 Austin Street, Newton, MA, USA
$7,000,000
$46/SF
Building Size
151,181 SF
Asset Type
Retail
Closing
Mar 29, 2021
AI
A retail property located at 40 Austin Street, 1290 Main Street, 4 North Main Street, and 231 East Central St. in Newton, Waltham, and Bellingham, MA has been sold for a total price of $7,000,000. The property spans 15,181 square feet, resulting in a price per square foot of $461.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Date: 03/30/2021
- Market: Newton, Waltham, and Bellingham, MA
The sale was brokered by Marilyn Santiago from SVN | Parsons Commercial Group | Boston.
Players
Newton 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93