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341 W Central St, Franklin,...

Franklin Food Pantry Inc. Acquires Retail Property In Franklin, MA For $950K
SOLDRetail

Franklin Food Pantry Inc. Acquires Retail Property In Franklin, MA For $950K

341 W Central St, Franklin, Massachusetts 02038, United States

$950,000

$190/SF

Building Size

4,992 SF

Asset Type

Retail

Closing

Mar 3, 2022

AI

The retail property located at 341 W Central St in Franklin, MA has been sold. The transaction took place on 03/03/2022. The property, with a total area of 4,992 square feet, was sold at a price of $950,000, resulting in a price per square foot of $190.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $950,000
  • Address: 341 W Central St, Franklin, MA
  • Market: Franklin, MA

The buyer of the property is Franklin Food Pantry Inc., while the seller is Edwins Gifts Too, Inc. Representing the buyer is Christine Molla from Costello Realty. On the seller's side, Liz Barber and Marilyn Santiago from SVN Parsons Commercial Group served as the representatives.

These individuals and agencies played a significant role in facilitating the transaction, ensuring a successful deal for both parties involved.

Players

Marilyn Santiago

NAI Global

Broker

$51.5M

vol

9 deals

Broker

Franklin 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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93