VTT Mom & Pop Retail Acquires Retail Property In Bellingham For $3.76M
15 North Main Street, Bellingham, Massachusetts, USA
$3,765,000
$66/SF
Building Size
56,300 SF
Asset Type
Retail
Closing
Aug 6, 2020
AI
The retail property located at 15 North Main Street in Bellingham, MA was recently sold in a transaction. The property spans a total of 56,300 square feet and was sold for a price of $3,765,000, resulting in a price per square foot of $67.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,765,000
- Square Footage: 56,300
- Address: 15 North Main Street, Bellingham, MA
- Market: Bellingham, MA
The seller of the property was Bellingham Plaza, LLC, represented by Rick Kaplan. The buyer, VTT Mom + Pop Retail, LLC, acquired the property. The transaction was facilitated by brokers Marilyn Santiago and Garrett Quinn of SVN | Parsons Commercial Group | Boston.
Players
Bellingham 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
4.21%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93