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825 Main Street, Waltham, M...

George Michael Acquires Retail Property In Waltham, MA From Don Leblanc For $1.05M
SOLDRetail

George Michael Acquires Retail Property In Waltham, MA From Don Leblanc For $1.05M

825 Main Street, Waltham, Massachusetts 02451, United States

$1,050,000

$150/SF

Building Size

6,997 SF

Asset Type

Retail

Closing

Dec 29, 2021

AI

Andrew Jacob of Atlantic Retail facilitated the sale of a retail property located at 825 Main Street in Waltham, MA. The transaction took place on December 29, 2021, with a sale price of $1,050,000. The property spans 6,997 square feet, resulting in a price per square foot of $150.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,050,000
  • Address: 825 Main Street, Waltham, MA
  • Market: Waltham, MA
  • Buyer: George Michael
  • Seller: Don Leblanc
  • Broker: Andrew Jacob - Atlantic Retail

George Michael acquired the property from Don Leblanc, as represented by Andrew Jacob of Atlantic Retail. The retail asset is situated in Waltham, MA, and presents an opportunity in the local market.

Players

Andrew Jacob

Atlantic Retail

Broker

$10.7M

vol

4 deals

Broker

Michael A. George

Buyer

$24.2M

vol

3 deals

Buyer

Waltham 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93