ShopOne Centers Acquires Retail Property In East Longmeadow MA For $28.3M
406 N Main St East Longmeadow, MA 01028, USA
$28,300,000
$241/SF
Building Size
117,337 SF
Asset Type
Retail
Closing
May 19, 2023
AI
An investment group, ShopOne Centers, has purchased a retail property located at 406 North Main Street in East Longmeadow, MA. The property spans a total of 117,337 square feet and was sold by KPR Centers for a total price of $28,300,000. This translates to a price per square foot of $241.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $28,300,000
- Address: 406 North Main Street, East Longmeadow, MA
- Market: East Longmeadow, MA
- Buyer: ShopOne Centers
- Seller: KPR Centers
- Brokers: Robert Griffin, Jonathan Martin & Paul Penman - Newmark
- Square Footage: 117,337
- Price per Square Foot: $241
Leading the transaction were brokers Robert Griffin, Jonathan Martin, and Paul Penman of Newmark who represented the buyer and seller.
Players
Boston 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93