Updated Oct 28, 2024
Area Salon Studios, LLC Acquires Retail Property In Newton Centre, MA For $2.55M
80 Langley Road, Newton Centre, Massachusetts, USA
$2,550,000
$379/SF
Building Size
6,723 SF
Asset Type
Retail
Closing
Jul 30, 2020
About this deal
AI
Located in Newton Centre, MA, the retail property at 80 Langley Road has been sold. The transaction took place on 07/30/2021 with a sale price of $2,550,000. The property spans approximately 6,723 square feet, resulting in a price per square foot of $379. Todd Glaskin from Coldwell Banker Commercial represented the buyer, Area Salon Studios, LLC, in this deal.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $2,550,000
- Address: 80 Langley Road, Newton Centre, MA
- Market: Newton Centre, MA
- Broker: Todd Glaskin - Coldwell Banker Commercial
- Square Footage: 6,723
- Price per Square Foot: $379
Todd Glaskin from Coldwell Banker Commercial played a pivotal role as the broker representing Area Salon Studios, LLC in the sale of the retail property at 80 Langley Road in Newton Centre, MA.
Players
Newton 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93