Gordon Mace Represents Buyer In $3.4 Million Sale At 2077 North Main Street West Bridgewater
$3,400,000
SOLD
$3,400,000
Massachusetts
See Similar DealsRetail133,000 SF
$3,400,000
SOLD
Gordon Mace Represents Buyer In $3.4 Million Sale At 2077 North Main Street West Bridgewater
2077 North Main St West Bridgewater, MA 02379
See Similar DealsRetail133,000 SF
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:133,000 SF
Transaction Type:Sale
The property involved in this transaction is West Bridgewater Plaza, a retail center located at 2077 North Main Street, West Bridgewater, Massachusetts. The retail plaza spans 133,000 square feet and was sold for $3,400,000. This center is situated off Route 28, which contributes to its accessibility and relevance in the local retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000.00
- Square Footage: 133,000
- Address: 2077 North Main Street, West Bridgewater, Massachusetts
- Buyer's Representative: Gordon Mace
- Buyer: Unknown
KeyPoint Partners facilitated the transaction, with Don Mace representing the buyer, who is the owner and operator of the indoor entertainment concept FunZ. The buyer has plans to establish a FunZ location in the area formerly occupied by Shaw’s within the retail center.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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