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400 Presidential Way, Wobur...

Rhino Capital Advisors Acquires Retail Property In Woburn, MA For $9.9M
SOLDRetail

Rhino Capital Advisors Acquires Retail Property In Woburn, MA For $9.9M

400 Presidential Way, Woburn, MA 01801

$9,900,000

$298/SF

Building Size

33,159 SF

Asset Type

Retail

Closing

Dec 28, 2021

AI

Located at 400 Presidential Way in Woburn, MA, the retail property was recently sold in a transaction facilitated by Danny Griffin and Eric Suffoletto from SRS Real Estate Partners. The property, with a gross square footage of 33,159, was purchased by Rhino Capital Advisors for a total sale price of $9,900,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $9,900,000
  • Date: 12/28/2021
  • Address: 400 Presidential Way, Woburn, MA
  • Market: Woburn, MA
  • Buyer: Rhino Capital Advisors
  • Brokers: Danny Griffin & Eric Suffoletto - SRS Real Estate Partners

As Rhino Capital Advisors acquired the retail asset, Danny Griffin and Eric Suffoletto played a crucial role as their representatives in the deal. With a purchase price of $9,900,000 and a gross square footage of 33,159, this transaction marks a significant investment in the retail market in Woburn, MA.

Players

Eric Suffoletto

Atlantic Retail

Broker

$95.9M

vol

16 deals

Broker
RA
Rhino Capital AdvisorsBuyer

Woburn 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

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93