Updated Oct 28, 2024
Gajewski Realty Acquires Retail Property In Southbridge, MA For $12.6M
505 East Main Street, Southbridge, Massachusetts 01550, United States
$12,600,000
$111/SF
Building Size
113,514 SF
Asset Type
Retail
Closing
Mar 10, 2022
About this deal
AI
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.
Players
Southbridge 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93