Updated Sep 5, 2024
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
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
9.35%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93