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697 Southbridge Street, Aub...

Updated Sep 5, 2024

The NNN Pro Group Acquires Retail Property In Auburn, MA For $1.7M
SOLDRetail

The NNN Pro Group Acquires Retail Property In Auburn, MA For $1.7M

697 Southbridge Street, Auburn, Massachusetts 01501, United States

$1,697,000

$704/SF

Building Size

2,410 SF

Asset Type

Retail

Closing

Apr 17, 2022

About this deal

AI

The retail property located at 697 Southbridge St in Auburn, MA was recently sold for a total sale price of $1,697,000. The transaction took place on 04/18/2022, and the property spans a total area of 2,410 square feet, resulting in a price per square foot of $704. The property is situated in the Auburn market, offering potential for retail business opportunities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,697,000
  • Address: 697 Southbridge St, Auburn, MA
  • Date: 04/18/2022
  • Market: Auburn, MA
  • Square Footage: 2,410
  • Price per Square Foot: $704

Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group - Marcus & Millichap acted as the brokers representing the parties involved in the transaction. Their expertise and guidance were instrumental in facilitating the sale. The NNN Pro Group - Marcus & Millichap is a reputable agency known for its proficiency in commercial real estate deals.

Players

Josh Kanter

Surmount

Broker

$626.3M

vol

100 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Auburn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $704 per square foot on a published $1.7M for 2,410 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.35%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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