SBA Investments Acquires Retail Property On Crescent Street, Brockton, MA For $1.32M
SOLD
$1,323,000
Massachusetts
See Similar DealsRetail14,300 SF
Sold 10/06/2023
SOLD
SBA Investments Acquires Retail Property On Crescent Street, Brockton, MA For $1.32M
834 Crescent Street
See Similar DealsRetail14,300 SF
Sold 10/06/2023
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$92
Total Square Footage:14,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,560.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,700.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,271.69
Annual Debt Service$75,260.34
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