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
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