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409 Federal Street, Greenfi...

Legacy Automotive Capital Acquires Retail Property In Greenfield & Auburn, MA For $26.2M
SOLDRetail

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

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.

Players

Karly Iacono

CBRE

Broker

$74.9M

vol

10 deals

Broker
LL
Legacy Automotive Capital, LLCBuyer

Greenfield 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93