SOLDRetail
Raphael Ziad Purchases Retail Asset From John Zhang In Bedford For $10.5 Million
1701 Airport Freeway
Building Size
46,440 SF
Asset Type
Retail
Closing
Dec 4, 2024
AI
The property asset involved in this transaction is a retail space located at 1701 Airport Freeway in Bedford, encompassing a total area of 46,440 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Date of Transaction: 12/04/2024
- Buyer: Raphael Ziad
- Seller: John Zhang
- Broker: Eric Deuillet - Structure Commercial
This transaction was facilitated by Eric Deuillet, representing Structure Commercial, who played a crucial role in navigating the sale between buyer Raphael Ziad and seller John Zhang.
Players
Structure CommercialBrokerage
Bedford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93