Updated Oct 28, 2024
HEET LLC Acquires Retail Property In New Bedford, MA With Acquisition Financing
160 W Rodney French Blvd, New Bedford, MA 02744
$3,667,000
$85/SF
Building Size
42,883 SF
Asset Type
Retail
Closing
Mar 10, 2022
About this deal
AI
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.
New Bedford Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Casimir Groblewski to view all their deals.
Browse Massachusetts retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93