Updated Sep 5, 2024
NNN Pro Group Acquires Retail Property On West State Street In Granby, MA For $2.25M
176 West State Street, Granby, MA, USA
$2,250,000
$300/SF
Building Size
7,499 SF
Asset Type
Retail
Closing
Jun 17, 2021
About this deal
AI
An retail property located at 176 West State Street in Granby, MA has been sold for a price of $2,250,000. The property spans 7,499 square feet with a price per square foot of $300. Situated on 3.62 acres, the property has a price per acre of $621,547.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,250,000
- Square Footage: 7,499
- Price per Square Foot: $300
- Address: 176 West State Street, Granby, MA
- Market: Granby, MA
The sale of this retail property was facilitated by the NNN Pro Group of Marcus & Millichap. The brokers involved in the transaction were Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia.
Players
Granby 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93