Seller's Rep NNN Pro Group Sells Friendly's Property In Gardner MA For $1.865M
SOLD
$1,865,000
Massachusetts
See Similar DealsRetail3,634 SF
Sold 04/21/2025
SOLD
Seller's Rep NNN Pro Group Sells Friendly's Property In Gardner MA For $1.865M
18 Pearson Boulevard
See Similar DealsRetail3,634 SF
Sold 04/21/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$513
Total Square Footage:3,634 SF
Transaction Type:Sale
The retail property located at 18 Pearson Boulevard in Gardner, MA was sold for $1,865,000. The asset encompasses a total area of 3,634 square feet, resulting in a price per square foot of $513.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,865,000
- Address: 18 Pearson Boulevard, Gardner, MA
- Square Footage: 3,634
- Price Per Square Foot: $513
- Seller's Representative: Glen Kunofsky, Josh Kanter & Anthony D'Ambrosia - NNN Pro Group
NNN Pro Group represented the seller in this transaction in partnership with their broker of record Bang Realty-New England, Inc, facilitating the sale of the Friendly's property in Gardner, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,625.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,841.05
Annual Debt Service$106,092.62
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