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506 Main St, Woburn, Massac...

Horvath & Tremblay Brokers Peter Butler & Brendan Conway Sell Retail Property In Woburn, MA For $11M
SOLDRetail

Horvath & Tremblay Brokers Peter Butler & Brendan Conway Sell Retail Property In Woburn, MA For $11M

506 Main St, Woburn, Massachusetts, USA

$11,000,000

$1,033/SF

Building Size

10,646 SF

Asset Type

Retail

Closing

Jul 23, 2020

AI

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.

Players

Brendan Coan

Paramount Partners

Broker

$19.4M

vol

5 deals

Broker

Woburn 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93