Black Diamond Development LLC Sells Retail Property In Ludlow, MA For $2.99M
483-487 Holyoke Street, Ludlow, Massachusetts 01056, United States
$2,990,000
$146/SF
Building Size
20,416 SF
Asset Type
Retail
Closing
Nov 25, 2022
AI
The retail property located at 483-487 Holyoke St in Ludlow, MA has been sold for a transaction amount of $2,990,000. The property spans across 3.12 acres and offers a total square footage of 20,416. The sale took place on 11/25/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,990,000
- Address: 483-487 Holyoke St, Ludlow, MA
- Market: Ludlow, MA
- Total Acres: 3.12
- Square Footage: 20,416
- Seller: Black Diamond Development LLC
- Brokers: Jeremy Casey & Isaac Stewart - SR Commercial
The sale of this retail property was facilitated by the brokers Jeremy Casey and Isaac Stewart from SR Commercial. They represented the seller, Black Diamond Development LLC, in this transaction.
Players
Ludlow 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
5.31%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93