Lundgren Equity Partners Acquires Retail Property In Webster, MA For $5.3M
70 Worcester Road, Webster, Massachusetts 01570, United States
$5,325,000
$93/SF
Building Size
57,000 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
The retail property located at 70 Worcester Rd & 84 Worcester Rd in Webster, MA has been sold. The transaction was completed on 06/24/2022. Lundgren Equity Partners, LLC acquired the property from Webster Market Realty, LLC for a total price of $5,325,000. The asset spans a total area of 57,000 square feet, resulting in a price per square foot of $75.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,325,000
- Square Footage: 57,000
- Address: 70 Worcester Rd & 84 Worcester Rd, Webster, MA
- Market: Webster, MA
The deal was facilitated by James Glickman and Michael Jacobs from NAI Glickman Kovago & Jacobs, who represented both the buyer, Lundgren Equity Partners, LLC, and the seller, Webster Market Realty, LLC.
Players
Webster 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
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93