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24 Blandin Avenue, Framingh...

Luko Management Acquires Retail Property In Framingham, MA For $5.4M
SOLDRetail

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

Bosko Stankovic

Broker

$18.3M

vol

3 deals

Broker
LM
Luko ManagementBuyer
GD
Galaxy DevelopmentSeller

Framingham Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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