Updated Dec 4, 2024
Muhammed A Saleem Acquires Retail Properties In Granby CT And Springfield MA For $2.2M
6 Hartford Avenue & 707 Dickinson Street
$2,200,000
$309/SF
Building Size
3,556 SF
Asset Type
Retail
Closing
Oct 11, 2024
About this deal
AI
The transaction involved two service stations located at 6 Hartford Avenue in Granby, CT and 707 Dickinson Street in Springfield, MA. The assets were sold for $2,200,000, encompassing a total square footage of 3,556. The price per square foot was calculated at $618.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Buyer: Muhammed A Saleem
- Seller: Atlantis Management Group (AMG)
- Broker: Alban Dedvukaj - LSR-Lakeshore Realty
The brokerage firm involved, Lakeshore Realty, represented the seller in this successful closing. Alban Dedvukaj served as the representative for the broker in the transaction and can be contacted for further opportunities or inquiries.
Granby 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93