HEET LLC Acquires Retail Property In New Bedford, MA With Acquisition Financing
FINANCED
$3,667,000
Massachusetts
See Similar DealsRetail42,883 SF
Financed 03/11/2022
FINANCED
HEET LLC Acquires Retail Property In New Bedford, MA With Acquisition Financing
160 W Rodney French Blvd, New Bedford, MA 02744
See Similar DealsRetail42,883 SF
Financed 03/11/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:42,883 SF
Transaction Type:Loan
A retail property located at 160 W Rodney French Blvd in New Bedford, MA has been involved in a recent closed transaction. The property spans approximately 42,883 square feet and was acquired through acquisition financing. The loan amount for the transaction was $3,667,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,667,000
- Date: 03/11/2022
- Address: 160 W Rodney French Blvd, New Bedford, MA
- Market: New Bedford, MA
- Landlord: HEET LLC
- Brokers: Casimir Groblewski - Fantini & Gorga
- Loan Type: Acquisition financing
The deal was facilitated by Casimir Groblewski from Fantini & Gorga, who represented the buyer or seller in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,667,000.00
Monthly NOI$24,446.67
Monthly Debt Service$23,177.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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