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1505 South Washington Street

Marc Perlman Of Ocean State Job Lot Acquires Retail Properties In North Attleboro For $21M
SOLDRetail

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