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Macaw Country Club Acquires Former Firefly Clubhouse In Seekonk For $3.8M

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SOLD
$3,800,000

Massachusetts

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Commercial25,000 SF
Sold 04/11/2024
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Property Image
SOLD

Macaw Country Club Acquires Former Firefly Clubhouse In Seekonk For $3.8M

350 Fall River Avenue

See Similar Deals
Commercial25,000 SF
Sold 04/11/2024
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Summary

MASSACHUSETTS
Asset Type:Commercial
Price Per Square Foot:$152
Total Square Footage:25,000 SF
Transaction Type:Sale

The former Firefly Clubhouse at 350 Fall River Ave. in Seekonk, MA, has been sold for $3.8 million. The property, spanning 25,000 square feet on a 10-acre lot, will undergo a transformation into the Macaw Country Club. The club will feature indoor banquet dining, sports training facilities, day spa amenities, and outdoor attractions, including a family cafe, swimming areas, tennis courts, and a soccer field.

Summary of transation details:

The deal was facilitated by Greg Micallef from Olympus Group Real Estate, representing the buyer, Macaw Country Club, Inc, and the seller, 350 Commercial, LLC. The transaction showcases the strategic alignment between the involved parties to repurpose the property into a new and vibrant community space.

Players

Greg Micallef
1 deal$3.8M volume(401) 258-8076
BROKER

Details

SOLD
IMAGE: Greg Micallef DATE: 04/11/2024 ADDRESS: 350 Fall River Avenue MARKET: Seekonk, MA ASSET TYPE: Commercial ~ ACRES: 10 BUYER: Macaw Country Club, Inc SELLER: 350 Commercial, LLC BROKER: Greg Micallef - Olympus Group Real Estate SALE PRICE: $3,800,000 SF: 25,000 ~ PPSF: $152 NOTE: The former Firefly Clubhouse at 350 Fall River Ave. has sold for $3.8 million and will transform into the Macaw Country Club. The 25,000 s/f facility on 10 acres will offer indoor banquet dining, sports training, day spa amenities, and outdoor features including a family cafe, swimming areas, tennis courts, and a soccer field.

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Debt Service Coverage Ratio (DSCR)

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