Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
SOLD
$3,800,000
Massachusetts
See Similar DealsSpecial Purpose33,000 SF
Sold 08/05/2022
SOLD
Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
207 Pleasant Street
See Similar DealsSpecial Purpose33,000 SF
Sold 08/05/2022
Summary
MASSACHUSETTS
Asset Type:Special Purpose
Price Per Square Foot:$115
Total Square Footage:33,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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