Luko Management Acquires Retail Property In Framingham, MA For $5.4M
24 Blandin Avenue, Framingham, MA 01702, USA
$5,400,000
$257/SF
Building Size
21,000 SF
Asset Type
Retail
Closing
Aug 18, 2021
AI
A retail property located at 24 Blandin Avenue in Framingham, MA has been sold for a price of $5,400,000. The property spans 21,000 square feet, resulting in a price per square foot of $257. The sale took place on August 18, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,400,000
- Address: 24 Blandin Avenue, Framingham, MA
- Market: Framingham, MA
The buyer of the property is Luko Management, while the seller is Galaxy Development. The deal was facilitated by brokers Bosko Stankovic and Niko Micin from Zebra Capital, LLC.
Players
Framingham 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93