Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Retail Property In Abington, MA For $9.7M
400 Bedford St, Abington, Massachusetts, USA
$9,700,000
$95/SF
Building Size
102,000 SF
Asset Type
Retail
Closing
Sep 14, 2021
About this deal
AI
Located at 400 Bedford St in Abington, MA, this retail property was recently sold in a closed transaction. The sale was facilitated by Marcus & Millichap brokers Jim Koury and Alex Quinn. The property spans an impressive 102,000 square feet, with a sale price of $9,700,000. This equates to a price per square foot of $95, showcasing its value in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,700,000
- Address: 400 Bedford St, Abington, MA
- Market: Abington, MA
- Brokers: Jim Koury & Alex Quinn - Marcus & Millichap
- Square Footage: 102,000
- Price Per Square Foot: $95
This successful transaction highlights the expertise of Jim Koury and Alex Quinn from Marcus & Millichap, who played a crucial role in ensuring the smooth completion of the deal. Their extensive knowledge and experience in the market contributed to the favorable outcome for all parties involved.
Players
Abington 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93