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15 Robert Drive, Easton, Ma...

REIT Phillips Edison & Co. Sells Retail Property In South Easton, MA To Undisclosed Buyer
SOLDRetail

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

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

Chris Peterson

Atlantic Retail

Broker

$501M

vol

31 deals

Broker
PC
Philips Edison & Co.Seller

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