Black Diamond Development LLC Sells Retail Property In Ludlow, MA For $2.99M
SOLD
$2,990,000
Massachusetts
See Similar DealsRetail20,416 SF
Sold 11/25/2022
SOLD
Black Diamond Development LLC Sells Retail Property In Ludlow, MA For $2.99M
483-487 Holyoke Street, Ludlow, Massachusetts 01056, United States
See Similar DealsRetail20,416 SF
Sold 11/25/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$146
Total Square Footage:20,416 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$159,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,622.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,174.13
Annual Debt Service$170,089.51
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