Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
207 Pleasant Street
$3,800,000
$115/SF
Building Size
33,000 SF
Asset Type
Special Purpose
Closing
Aug 5, 2022
AI
The special purpose property located at 197-207 Pleasant Street in Marlborough, MA has been sold in a closed transaction. The property spans an area of approximately 33,000 square feet. The sale price for the property was $3,800,000, resulting in a price per square foot of $115.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $3,800,000
- Address: 197-207 Pleasant Street, Marlborough, MA
- Market: Marlborough, MA
The buyer of the property is Ar-Raheem Academy, and the seller is St. Chretienne. The transaction was facilitated by brokers James Keogh and Peter Kovago from NAI.
Players
Ithaca Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93