Updated Dec 20, 2023
Bob Horvath & Todd Tremblay Of Horvath & Tremblay Sell Retail Property In Worcester, MA For $8.8M
472 Lincoln Street, Worcester, Massachusetts 01605, United States
$8,800,000
$611/SF
Building Size
14,388 SF
Asset Type
Retail
Closing
Nov 17, 2021
About this deal
AI
Located at 472 Lincoln Street in Worcester, MA, this retail property was recently sold in a closed transaction. The deal was facilitated by brokers Bob Horvath and Todd Tremblay from Horvath & Tremblay. The transaction took place on November 17, 2021.
Summary of transaction details
- Property Type: Retail
- Sale Price: $8,800,000
- Address: 472 Lincoln Street, Worcester, MA
Bob Horvath and Todd Tremblay, representing Horvath & Tremblay, played a crucial role in the successful sale of this retail property. The transaction highlights their expertise in the Worcester, MA market and their ability to facilitate deals of significant value.
Players
Worcester 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93