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19 Temple St Framingham, Ma...

Atlantic Retail Brokers Sell Retail Property In Framingham, MA For $17.4M
SOLDRetail

Atlantic Retail Brokers Sell Retail Property In Framingham, MA For $17.4M

19 Temple St Framingham, Ma 01702, Usa

$17,400,000

$268/SF

Building Size

64,917 SF

Asset Type

Retail

Closing

Jul 28, 2023

AI

Atlantic Capital Partners has successfully completed the sale of a grocery-anchored, multi-tenant shopping center located at 19 Temple Street in Framingham, MA. The property, known as Stop and Shop, was sold for a total of $17.4 million. With a total square footage of 64,917, the property was sold at a price per square foot of $268.

Summary of transation details

Brokers Chris Peterson, Danielle Donovan, Justin Smith, and Sam Koonce from Atlantic Retail played a crucial role in facilitating the successful sale of Stop and Shop. Their expertise and dedication ensured the completion of the transaction.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93