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560 Main Street, Gardner, M...

Price Chopper Acquires Retail Property In Gardner, MA For $17.3M
SOLDRetail

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.

Players

Joel Cukier

Malchus Real Estate

Broker

$69.4M

vol

8 deals

Broker

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