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
Acton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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