JRW Realty Acquires Retail Property In Gardner, MA For $13M
21 Timpany Boulevard, Gardner, Massachusetts 01440, United States
$13,000,000
$307/SF
Building Size
42,293 SF
Asset Type
Retail
Closing
Mar 30, 2022
AI
A retail property located at 21 Timpany Blvd in Gardner, MA has been sold for a price of $13,000,000. The property spans a total area of 42,293 square feet, resulting in a price per square foot of $307. The transaction took place on 03/31/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,000,000
- Address: 21 Timpany Blvd, Gardner, MA
- Market: Gardner, MA
- Buyer's Representative: Leanna Tatikian - JRW Realty
- Seller's Representative: NNN Investment Advisors
Leanna Tatikian from JRW Realty represented the buyer in the transaction, while NNN Investment Advisors represented the seller.
Players
Gardner 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93