Colliers Brokers Sell Retail Property In Blackstone, MA For $1,010,000
SOLD
$1,010,000
+ 1
Massachusetts
See Similar DealsRetail6,812 SF
Sold 03/25/2022
SOLD
Colliers Brokers Sell Retail Property In Blackstone, MA For $1,010,000
1247 Social Street, Blackstone, Massachusetts 02895, United States
See Similar DealsRetail6,812 SF
Sold 03/25/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:6,812 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,588.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,787.92
Annual Debt Service$57,454.98
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