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625 Worcester Street

Dan Waldman Of Waldman & Associates Facilitates $5.6M Retail Property Sale In Natick
SOLDRetail

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.

Players

Daniel J. Waldman

Waldman & Associates

Broker

$61.6M

vol

13 deals

Broker

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