Updated Dec 20, 2023
National Tire & Battery Building In Plymouth, Mass Sold For $4.9M: Horvath & Tremblay Brokers Bob Horvath & Todd Tremblay
400 Colony Place, Plymouth, MA 02360, USA
$4,900,000
$610/SF
Building Size
8,023 SF
Asset Type
Retail
Closing
Jun 25, 2020
About this deal
AI
The retail property located at 400 Colony Place Rd. in Plymouth, Mass has recently been sold for a price of $4,900,000. The property spans across 8,200 square feet and has a price per square foot of $597. National Tire & Battery currently occupies the space under a corporately backed, triple-net lease with 13 years remaining on the lease term and two 5-year options.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 400 Colony Place Rd.
- Market: Plymouth, Mass
The sale of the property was facilitated by Bob Horvath & Todd Tremblay from Horvath & Tremblay. They represented the buyer and seller in this transaction.
Players
Plymouth 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93