Price Chopper Acquires Retail Property In Gardner, MA For $17.3M
560 Main Street, Gardner, Massachusetts 01440, United States
$17,300,000
$275/SF
Building Size
62,868 SF
Asset Type
Retail
Closing
Feb 17, 2022
AI
The retail property located at 560 Main St in Gardner, MA has been sold for a total price of $17,300,000. The transaction took place on February 18, 2022. The property has a total building square footage of 62,868, resulting in a price per square foot of $275. The sale was facilitated by Joel Cukier from James Capital Advisors, who represented the seller in the deal. The tenant of the property is Price Chopper.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000
- Address: 560 Main St, Gardner, MA
- Market: Gardner, MA
- Broker: Joel Cukier - James Capital Advisors
- Tenant: Price Chopper
Joel Cukier from James Capital Advisors played a key role in the sale of the property, representing the seller. This successful transaction not only demonstrates the market value of the retail asset but also highlights the importance of having a competent broker in negotiations.
Gardner 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93