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.
On the Map
$9,700,000
$95/SF
Retail
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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