Updated Sep 5, 2024
NNN Pro Group Sells Retail Property In Braintree, MA For $5.7M
170 Forbes Rd Braintree, MA 02184, USA
$5,685,000
$978/SF
Building Size
5,812 SF
Asset Type
Retail
Closing
Jun 21, 2023
About this deal
AI
A retail property located at 170 Forbes Road in Braintree, MA has been sold for a price of $5,685,000. The property spans a total of 5,812 square feet, resulting in a price per square foot of $978.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,685,000
- Address: 170 Forbes Road, Braintree, MA
- Market: Braintree, MA
Glen Kunofsky, Josh Kanter & Anthony (Tony) D'Ambrosia, representing NNN Pro Group, have served as the seller's representatives in this transaction.
Brian Brockman, a MA Broker of Record, has provided his expertise as the Broker of Bang Realty-New England, Inc, holding the license number 1000169.
Players
Boston 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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93