Updated Dec 4, 2024
Cataldo Ambulance Service Acquires Automotive Facility In Worcester, MA For $1.15M
79 May Street
$1,150,000
$191/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Sep 18, 2023
About this deal
AI
A 6,000-square-foot automotive facility located at 79 May Street in Worcester, MA has been sold for a price of $1,150,000. The property was acquired by Cataldo Ambulance Service from Nicoma LLC. Cataldo Ambulance Service intends to repurpose the facility for ambulance and emergency response services.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,150,000
- Address: 79 May Street, Worcester, MA
- Market: Worcester, MA
- Square Footage: 6,000
Jeff Lefebvre from George & Company and Jeffrey "Jeff" Borus from NAI Capital represented Nicoma LLC as the sellers' brokers in this deal.
Players
Worcester 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93