Dr. Jason Tubo Acquires Retail Property In Wellesley, MA For $2.1M From Seller Hi Neighbor LLC
SOLD
$2,100,000
Massachusetts
See Similar DealsRetail3,000 SF
Sold 06/17/2020
SOLD
Dr. Jason Tubo Acquires Retail Property In Wellesley, MA For $2.1M From Seller Hi Neighbor LLC
586-590 Washington Street, Wellesley, Massachusetts, USA
See Similar DealsRetail3,000 SF
Sold 06/17/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$700
Total Square Footage:3,000 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 586-590 Washington Street in Wellesley, MA. The property spans approximately 3,000 square feet, with a sale price of $2,100,000, resulting in a price per square foot of $700. The transaction took place on June 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 586-590 Washington Street, Wellesley, MA
- Market: Wellesley, MA
The seller in this transaction was Hi Neighbor LLC, while the buyer was Dr. Jason Tubo. Representing the buyer, Joe Wagner from Boston Realty Advisors and Matt Kolcum from Carr Healthcare Realty facilitated the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
Is there something missing? Send suggestions