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15 North Main Street, Belli...

VTT Mom & Pop Retail Acquires Retail Property In Bellingham For $3.76M
SOLDRetail

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

Marilyn Santiago

NAI Global

Broker

$51.5M

vol

9 deals

Broker

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