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380 Washington Street

Horvath & Tremblay Facilitates $3.4M Sale Of KinderCare In Norwell, MA
SOLDSchool

Horvath & Tremblay Facilitates $3.4M Sale Of KinderCare In Norwell, MA

380 Washington Street

$3,400,000

$345/SF

Building Size

9,846 SF

Asset Type

School

Closing

Dec 8, 2023

AI

The KinderCare in Norwell, Massachusetts has been sold in a transaction overseen by Aaron Huntley of Horvath & Tremblay. Horvath & Tremblay exclusively represented the buyer in this $3.4 million sale. The property, located at 380 Washington Street, is a school with an area covering 1.43 acres. It offers a total of 9,846 square feet, resulting in a price per square foot of $345.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $3,400,000
  • Address: 380 Washington Street
  • Market: Norwell, MA
  • Size: 1.43 acres

Aaron Huntley of Horvath & Tremblay ensured the successful completion of this transaction, representing the buyer throughout the process.

Players

Aaron Huntley

Horvath & Tremblay

Broker

$71.9M

vol

15 deals

Broker

Norwell School Market Snapshot

Boundary boundary · School · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93