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15 Twinehurst Place

Joe Calerrico Of KGB Acquires Package Deal In Southbridge, MA For $2.15M
SOLDPackage Deal

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

99,000 SF

Asset Type

Package Deal

Closing

May 7, 2024

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.

Players

Benjamin Carbone

Lamacchia Realty

Broker

$5.8M

vol

3 deals

Broker

Southbridge Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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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