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400 Bedford St, Abington, M...

Marcus & Millichap Brokers Sell Retail Property In Abington, MA For $9.7M
SOLDRetail

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

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

James Koury

Institutional Property Advisors

Broker

$435.3M

vol

21 deals

Broker

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