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176 West State Street, Gran...

Updated Sep 5, 2024

NNN Pro Group Acquires Retail Property On West State Street In Granby, MA For $2.25M
SOLDRetail

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

Josh Kanter

Surmount

Broker

$626.3M

vol

100 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Granby Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $300 per square foot on a published $2.3M for 7,499 square feet (2021).

Visit Glen Kunofsky to view all their deals.

Browse Massachusetts retail sales on Traded.

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

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