Marc Perlman Of Ocean State Job Lot Acquires Retail Properties In North Attleboro For $21M
1505 South Washington Street
$21,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 16, 2024
AI
The property asset involved in the transaction is a retail space located at 1505 South Washington Street in North Attleboro, MA. The total area of the asset is 12 acres, with a total square footage of 97,000. The sale price for the property amounted to $21,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,000,000
- Address: 1505 South Washington Street
- Market: North Attleboro, MA
- Acres: 12
- Buyer: Marc Perlman - Ocean State Job Lot
Marc Perlman, representing Ocean State Job Lot, completed the acquisition of two retail properties in North Attleborough. The properties were purchased for $21 million with one being priced at $12.55 million and the other at $8.45 million, demonstrating a strategic expansion in the retail market by the buyer.
Players
North Attleboro 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93