Updated Oct 28, 2024
REIT Phillips Edison & Co. Sells Retail Property In South Easton, MA To Undisclosed Buyer
15 Robert Drive, Easton, Massachusetts 02375, United States
Building Size
112,869 SF
Asset Type
Retail
Closing
Dec 8, 2021
About this deal
AI
REIT Phillips Edison & Co. has sold a retail property located at 15 Robert Dr in South Easton, MA. The property spans 112,869 square feet and was sold in a closed transaction. The sale was facilitated by Justin Smith, Chris Peterson, Sam Koonce, Molly Lynch, and Ben Starr of Atlantic Capital Partners.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 15 Robert Dr, South Easton, MA
- Market: South Easton, MA
The deal was completed on 12/09/2021, and the property was sold by REIT Phillips Edison & Co. The transaction was brokered by Justin Smith, Chris Peterson, Sam Koonce, Molly Lynch, and Ben Starr of Atlantic Capital Partners.
Players
South Easton 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93