Gajewski Realty Acquires Retail Property In Southbridge, MA For $12.6M
SOLD
$12,600,000
Massachusetts
See Similar DealsRetail113,514 SF
Sold 03/11/2022
SOLD
Gajewski Realty Acquires Retail Property In Southbridge, MA For $12.6M
505 East Main Street, Southbridge, Massachusetts 01550, United States
See Similar DealsRetail113,514 SF
Sold 03/11/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$111
Total Square Footage:113,514 SF
Transaction Type:Sale
Located at 505 E Main St in Southbridge, MA, this retail property was recently sold in a closed transaction. The property encompasses a total area of 113,514 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,600,000
- Date: 03/11/2022
- Address: 505 E Main St, Southbridge, MA
- Buyer: Gajewski Realty
- Seller: Southbridge Fair Investors LLC
- Brokers: Geoff Millerd, Jon Martin & Paul Penman - Newmark
The deal was facilitated by Geoff Millerd, Jon Martin, and Paul Penman from Newmark, who represented both the buyer, Gajewski Realty, and the seller, Southbridge Fair Investors LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$672,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,765.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,730.43
Annual Debt Service$716,765.14
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