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
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