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Atlantic Retail Brokers Sell Retail Property In Framingham, MA For $17.4M
SOLD
$17,400,000
+ 1
Massachusetts
See Similar DealsRetail64,917 SF
Sold 07/28/2023
SOLD
Atlantic Retail Brokers Sell Retail Property In Framingham, MA For $17.4M
19 Temple St Framingham, Ma 01702, Usa
See Similar DealsRetail64,917 SF
Sold 07/28/2023
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$268
Total Square Footage:64,917 SF
Transaction Type:Sale
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
- Property Type: Retail
- Transaction Amount: $17,400,000
- Address: 19 Temple Street, Framingham, MA
- Market: Framingham, MA
- Brokers: Chris Peterson, Danielle Donovan, Justin Smith & Sam Koonce - Atlantic Retail
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$928,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52
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