Dan Waldman Of Waldman & Associates Facilitates $5.6M Retail Property Sale In Natick
625 Worcester Street
$5,600,000
$280/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
May 24, 2024
AI
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.
Natick 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93