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1247 Social Street, Blackst...

Colliers Brokers Sell Retail Property In Blackstone, MA For $1,010,000
SOLDRetail

Colliers Brokers Sell Retail Property In Blackstone, MA For $1,010,000

1247 Social Street, Blackstone, Massachusetts 02895, United States

$1,010,000

$148/SF

Building Size

6,812 SF

Asset Type

Retail

Closing

Mar 24, 2022

AI

The retail property located at 1247 Social St in Blackstone, MA has been sold for $1,010,000. The property spans 6,812 square feet, resulting in a price per square foot of $148.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,010,000
  • Square footage: 6,812
  • Price per square foot: $148
  • Date: 03/25/2022
  • Market: Blackstone, MA

The buyer's representative in this transaction is Bruce Corn from NAI/Merin Hunter Codman, while the seller was represented by Phil Gagnon, Ian Hunt, and John Cafasso from Colliers.

Players

Ian Hunt

Colliers

Broker

$14.3M

vol

2 deals

Broker

Blackstone Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.71%

Cash-on-Cash

-4.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93