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207 Pleasant Street

Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
SOLDSpecial Purpose

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

James Keogh

NAI Global

Broker

$45.9M

vol

8 deals

Broker
AA
Ar-Raheem AcademyBuyer

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