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452 Great Rd, Acton, MA, 01720

Surfloft LLC Buys Property From Worker’s Credit Union With Buyer’s Reps Marci Alvarado And Jake Parsons
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Surfloft LLC Buys Property From Worker’s Credit Union With Buyer’s Reps Marci Alvarado And Jake Parsons

452 Great Rd, Acton, MA, 01720

Building Size

Asset Type

Retail

Closing

Nov 20, 2023

AI

A two-story retail strip center located at 452 Great Rd, Acton, MA, has been sold. The property encompasses nearly two acres of land. The buyer, Surfloft LLC, plans to occupy a portion of the building for its new retail location, Surfside Pools and Sport Loft Ski Shop.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Undisclosed
  • Address: 452 Great Rd, Acton, MA, 01720
  • Market: Acton
  • Buyer: Surfloft LLC
  • Seller: Worker’s Credit Union
  • Buyer's Representative: Marci Alvarado - SVN, Jake Parsons
  • Seller's Representative: Avison Young
  • Land Size: Approximately two acres

The transaction involved Marci Alvarado and Jake Parsons of SVN | Parsons Commercial representing the buyer, Surfloft LLC. The seller, Worker’s Credit Union, was represented by Avison Young. This successful negotiation underscores the active commercial real estate market in Acton.

Players

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker

Acton 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93