Updated Dec 4, 2024
SBA Investments Acquires Retail Property On Crescent Street, Brockton, MA For $1.32M
834 Crescent Street
$1,323,000
$92/SF
Building Size
14,300 SF
Asset Type
Retail
Closing
Oct 6, 2023
About this deal
AI
Located at 834 Crescent Street in Brockton, MA, this retail property was recently sold in a transaction facilitated by Ally Pellegrini and Shawn Moloney of Movementum Realty. The property spans 14,300 square feet and was sold for a price of $1,323,000, resulting in a price per square foot of $93.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,323,000
- Address: 834 Crescent Street, Brockton, MA
- Market: Brockton, MA
The buyer of the property was SBA Investments, represented by Mohammed Mushtaq, while the seller was Crescent St Realty, represented by Mary Lambert. The deal was successfully brokered by Ally Pellegrini and Shawn Moloney of Movementum Realty.
Players
Brockton 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
11.99%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93