Updated Dec 4, 2024
Joe Calerrico Of KGB Acquires Package Deal In Southbridge, MA For $2.15M
15 Twinehurst Place, 23 Twinehurst Place, 79 Hamilton Street, 37 River Street & 45 River Street
$2,150,000
$21/SF
Building Size
19,800 SF
Asset Type
Package Deal
Closing
May 7, 2024
About this deal
AI
The package deal consists of five buildings located at 15 Twinehurst Place, 23 Twinehurst Place, 79 Hamilton Street, 37 River Street, and 45 River Street in Southbridge, MA. The total sale price for these properties was $2,150,000. With a total of 19,800 square feet, the price per square foot amounts to $109. This transaction involved a total of 19 units within the five buildings.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,150,000
- Buyer: Joe Calerrico - KGB
- Seller: Andrew Grove - Ardan Trust
- Broker: Benjamin Carbone - Byrnes Commercial
- Units: 19
- Building: 5
This transaction was a dual agency deal, meaning that Benjamin Carbone represented both the buyer, Joe Calerrico of KGB, and the seller, Andrew Grove of Ardan Trust, in the sale of the five buildings. The total gross volume for this transaction amounted to $4,300,000.
On the Map
$2,150,000
$21/SF
Package Deal
View full map
Southbridge Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin Carbone to view all their deals.
Browse Southbridge package deal sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93