Horvath & Tremblay Brokers Peter Butler & Brendan Conway Sell Retail Property In Woburn, MA For $11M
SOLD
$11,000,000
Massachusetts
See Similar DealsRetail10,646 SF
Sold 07/23/2020
SOLD
Horvath & Tremblay Brokers Peter Butler & Brendan Conway Sell Retail Property In Woburn, MA For $11M
506 Main St, Woburn, Massachusetts, USA
See Similar DealsRetail10,646 SF
Sold 07/23/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1,033
Total Square Footage:10,646 SF
Transaction Type:Sale
Located at 506 Main St in Woburn, MA, this retail property was recently sold. The transaction took place on July 23, 2021, with Peter Butler and Brendan Conway of Horvath & Tremblay serving as the brokers representing the parties involved.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Square Footage: 10,646
- Price per Square Foot: $1,033
The deal emphasizes the involvement of brokers Peter Butler and Brendan Conway from Horvath & Tremblay. They played a crucial role in facilitating the transaction between the buyer and the seller. The property's sale price of $11,000,000 reflects its value in the market, considering its size of 10,646 square feet and a price per square foot of $1,033.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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