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
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