Updated Sep 5, 2024
The NNN Pro Group - Marcus & Millichap Sells Retail Property In Weymouth, MA For $12.33M
500 Washington Street
$12,330,000
$1,016/SF
Building Size
12,125 SF
Asset Type
Retail
Closing
Jul 22, 2022
About this deal
AI
The retail property located at 500 Washington St in Weymouth, MA has been sold for a total price of $12,330,000. Spanning over 12,125 square feet, this property was sold at a rate of $1,017 per square foot. The transaction took place on July 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,330,000
- Square Feet: 12,125
- Price per Square Foot: $1,017
- Market: Weymouth, MA
The sale of this retail property on 500 Washington St was facilitated by brokers Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group at Marcus & Millichap. They played a crucial role in representing the parties involved in this closed transaction.
Players
Durham 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93