Updated Dec 20, 2023
Horvath & Tremblay Broker Sale Of $2,223,000 Retail Property On Allen Street In Springfield, MA
375 Allen Street, Springfield, Massachusetts 01108, United States
$2,223,000
Building Size
—
Asset Type
Retail
Closing
Jan 20, 2022
About this deal
AI
375 Allen Street in Springfield, MA has been sold for a total price of $2,223,000. This retail property was on the market and was recently purchased in a closed transaction. The property is located in a prime location in Springfield and offers excellent potential for retail businesses.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,223,000
- Address: 375 Allen Street
- Market: Springfield, MA
The sale of this property was facilitated by Bob Horvath, Todd Tremblay, Matt Nadler, and Chris King from the real estate agency Horvath & Tremblay. These brokers played a crucial role in ensuring a successful transaction, representing the buyer and seller involved in the deal.
Players
Springfield 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
7.14%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93