Dr. Jason Tubo Acquires Retail Property In Wellesley, MA For $2.1M From Seller Hi Neighbor LLC
586-590 Washington Street, Wellesley, Massachusetts, USA
$2,100,000
$700/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jun 17, 2020
AI
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
Wellesley Hills 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93