Updated Sep 5, 2024
The NNN Pro Group Sells Retail Property At 735 Memorial Dr In Chicopee, MA For $1.965M
735 Memorial Drive, Chicopee, Massachusetts 01020, United States
$1,965,000
$528/SF
Building Size
3,720 SF
Asset Type
Retail
Closing
Dec 14, 2021
About this deal
AI
A retail property located at 735 Memorial Dr in Chicopee, MA has been sold for a price of $1,965,000. The property spans across 3,720 square feet, resulting in a price per square foot of $528.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,965,000
- Address: 735 Memorial Dr, Chicopee, MA
- Market: Chicopee, MA
The sale was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group.
The retail sale at 735 Memorial Drive, Chicopee, Massachusetts 01020, United States in Chicopee, Massachusetts sold for $2M in 2021. The building is 3,720 square feet, implying about 528 per square foot on the published price. Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia, Marcus & Millichap appear on the sale alongside Marcus & Millichap, NNN Pro Group. This page is the Chicopee, Massachusetts file for the 735 Memorial Drive, Chicopee, Massachusetts 01020, United States retail sold: pricing, party profiles, and other closed retail comps from the same Chicopee sit in the Market section below. Filter that Chicopee retail set by closing date to see what else sold near 735 Memorial Drive, Chicopee, Massachusetts 01020, United States around 2021. Published consideration for 735 Memorial Drive, Chicopee, Massachusetts 01020, United States is $2M, dated 2021. Cite this The NNN Pro Group Sells Retail Property At 735 Memorial Dr In Chicopee, MA For $1.965M sale when underwriting similar retail product around Chicopee, Massachusetts.
Players
Chicopee 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
8.07%
Cash-on-Cash
-2.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93