Updated Oct 28, 2024
Shri Gopinathji, LLC Acquires Retail Property In Raynham, MA For $4.55M
1470 New State Highway, Raynham, Massachusetts, USA
$4,550,000
$68/SF
Building Size
66,000 SF
Asset Type
Retail
Closing
May 4, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 1470 New State Highway in Raynham, MA. The sale took place on 05/05/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000
- Square Footage: 66,000
- Price per Square Foot: $69
- Acres: 8.57
- Price per Acre: $530,921
The seller in this transaction was PRRL Associates, LLC, while the buyer was Shri Gopinathji, LLC. The deal was facilitated by broker Ben Stout from Atlantic Properties.
The retail sale at 1470 New State Highway, Raynham, Massachusetts, USA in Raynham, Massachusetts sold for $4.6M in 2021. The building is 66,000 square feet, implying about 68 per square foot on the published price. Benjamin (Ben) Stout, Atlantic Properties appear on the sale alongside Atlantic Properties. This page is the Raynham, Massachusetts file for the 1470 New State Highway, Raynham, Massachusetts, USA retail sold: pricing, party profiles, and other closed retail comps from the same Raynham sit in the Market section below. Filter that Raynham retail set by closing date to see what else sold near 1470 New State Highway, Raynham, Massachusetts, USA around 2021. Published consideration for 1470 New State Highway, Raynham, Massachusetts, USA is $4.6M, dated 2021. Cite this Shri Gopinathji, LLC Acquires Retail Property In Raynham, MA For $4.55M sale when underwriting similar retail product around Raynham, Massachusetts.
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Raynham 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93