Updated Dec 19, 2023
Horvath & Tremblay Brokers $2.14M Retail Sale In Auburn, MA
688 Southbridge St, Auburn, MA 01501, USA
$2,140,000
$67/SF
Building Size
31,880 SF
Asset Type
Retail
Closing
Sep 17, 2020
About this deal
AI
The retail property located at 688 Southbridge Street in Auburn, MA has been sold for $2,140,000. The property spans 3,188 square feet, resulting in a price per square foot of $671. The transaction was finalized on September 18, 2020, with a capitalization rate of 5.05%. Kyle Danielson from Horvath & Tremblay represented the parties involved in this deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,140,000
- Square Footage: 3,188
- Price Per Square Foot: $671
- Market: Auburn, MA
- Capitalization Rate: 5.05%
Kyle Danielson from Horvath & Tremblay played a crucial role as the broker in this transaction. By successfully facilitating the deal, he ensured a smooth negotiation process for the parties involved.
Auburn 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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93