Updated Sep 5, 2024
The NNN Pro Group Sells Retail Property In Chicopee, MA For $3.2M
529 Memorial Drive
$3,236,837
$913/SF
Building Size
3,543 SF
Asset Type
Retail
Closing
Dec 23, 2022
About this deal
AI
A retail property located at 529 Memorial Drive in Chicopee, MA has been sold for a total price of $3,236,837. The property spans across 3,543 square feet, resulting in a price per square foot of $914.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,236,837
- Address: 529 Memorial Drive, Chicopee, MA
- Market: Chicopee, MA
- Seller's Representative: The NNN Pro Group - Glen Kunofsky, Anthony D'Ambrosia, and Josh Kanter
- SF: 3,543
- Price Per Square Foot: $914
The sale was facilitated by Glen Kunofsky, Anthony D'Ambrosia, and Josh Kanter of The NNN Pro Group. The broker of record for this transaction is Thomas Shihadeh, with license number 1000485.
Players
Chicopee 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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93