The Grossman Companies Acquires Retail Property In Dedham, MA For $13.3M
SOLD
$13,300,000
Massachusetts
See Similar DealsRetail
Sold 08/26/2022
SOLD
The Grossman Companies Acquires Retail Property In Dedham, MA For $13.3M
840 Providence Highway, Dedham, Massachusetts 02026, United States
See Similar DealsRetail
Sold 08/26/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
A retail property located at 840 Providence Hwy in Dedham, MA has been sold for a price of $13,300,000.
Summary of transaction details:
- Property Type: Retail
- Date: 08/26/2022
- Address: 840 Providence Hwy, Dedham, MA
- Market: Dedham, MA
- Asset Type: Retail
- Acreage: 1.2 acres
The buyer of the property is The Grossman Companies, represented by Jake Grossman. The seller is an affiliate of the Owen Family. The transaction was facilitated by Dan Waldman from Waldman & Associate as the broker.
Note: Image taken by Dan Waldman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42
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