Rhino Capital Advisors Acquires Retail Property In Woburn, MA For $9.9M
SOLD
$9,900,000
Massachusetts
See Similar DealsRetail33,159 SF
Sold 12/28/2021
SOLD
Rhino Capital Advisors Acquires Retail Property In Woburn, MA For $9.9M
400 Presidential Way, Woburn, MA 01801
See Similar DealsRetail33,159 SF
Sold 12/28/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$298
Total Square Footage:33,159 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$528,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,172.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,931.05
Annual Debt Service$563,172.61
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