Updated Sep 5, 2024
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
About this deal
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
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