JRW Realty Acquires Retail Property In Gardner, MA For $13M
SOLD
$13,000,000
Massachusetts
See Similar DealsRetail42,293 SF
Sold
SOLD
JRW Realty Acquires Retail Property In Gardner, MA For $13M
21 Timpany Boulevard, Gardner, Massachusetts 01440, United States
See Similar DealsRetail42,293 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:42293 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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