Luko Management Acquires Retail Property In Framingham, MA For $5.4M
SOLD
$5,400,000
Massachusetts
See Similar DealsRetail21,000 SF
Sold 08/18/2021
SOLD
Luko Management Acquires Retail Property In Framingham, MA For $5.4M
24 Blandin Avenue, Framingham, MA 01702, USA
See Similar DealsRetail21,000 SF
Sold 08/18/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$257
Total Square Footage:21,000 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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