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Dan Waldman Of Waldman & Associates Facilitates $5.6M Retail Property Sale In Natick
SOLD
$5,600,000
Massachusetts
See Similar DealsRetail20,000 SF
Sold 05/24/2024
SOLD
Dan Waldman Of Waldman & Associates Facilitates $5.6M Retail Property Sale In Natick
625 Worcester Street
See Similar DealsRetail20,000 SF
Sold 05/24/2024
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$280
Total Square Footage:20,000 SF
Transaction Type:Sale
The former Mitchell Gold building located at 625 Worcester Street in Natick, MA, has been sold in an off-market transaction for $5.6 million. The asset, a retail property spanning 20,000 square feet, was transacted at a price per square foot of $280.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000
- Address: 625 Worcester Street
- Market: Natick, MA
- Broker: Daniel J. Waldman - Waldman & Associates
- Date: 05/24/2024
Dan Waldman, representing Waldman & Associates, facilitated the sale of the property. The transaction involved key individuals and companies in completing the off-market deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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