Dan Fox Drive Pittsfield LLC Acquires 13-Acre Del Alba Plaza From NNM Realty Trust For $6.3M
1 Dan Fox Drive Pittsfield, Massachusetts 01201, USA
$6,300,000
Building Size
—
Asset Type
Retail
Closing
Sep 2, 2023
AI
A 13-acre retail property located at 1 Dan Fox Drive in Pittsfield, MA has been sold for $6.3 million. The property, known as Del Alba Plaza, was purchased by Dan Fox Drive Pittsfield LLC from NNM Realty Trust, owned by Manoj Munjal and Preeti Munjal. The sale price represents a significant increase from the initial investment made by the Munjals.
Summary of transaction details
- Property Type: Retail
- Sale Price: $6,300,000
- Address: 1 Dan Fox Drive
- Market: Pittsfield, MA
- Acres: 13
Manoj and Preeti Munjal have successfully sold their 13-acre retail property, Del Alba Plaza, for $6.3 million. The transaction was facilitated by the buyer's representative, Dan Fox Drive Pittsfield LLC. This sale demonstrates the Munjals' astute investment decision, as they were able to nearly double their initial investment through this successful transaction.
Players
Pittsfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93