Updated Oct 28, 2024
Legacy Automotive Capital Acquires Retail Property In Greenfield & Auburn, MA For $26.2M
409 Federal Street, Greenfield, Massachusetts 01301, United States
$26,200,000
Building Size
—
Asset Type
Retail
Closing
Jun 20, 2022
About this deal
AI
Lundgren Honda and Lundgren Equity Partners have sold their retail property located at 409 Federal St and 163 Washington St in Greenfield and Auburn, MA, respectively. The property, which is a retail asset, was purchased by Legacy Automotive Capital for a total transaction amount of $26,200,000. The sale took place on June 21, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $26,200,000
- Date: June 21, 2022
- Address: 409 Federal St & 163 Washington St
- Market: Greenfield & Auburn, MA
The deal was facilitated by Karly Iacono from CBRE, who represented Legacy Automotive Capital as the buyer's broker. Lundgren Honda and Lundgren Equity Partners were represented by their broker, Karly Iacono.
On the Map
$26,200,000
Retail
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Players
Greenfield 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93