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865 Merriam Avenue

NNN Pro Group Sells Retail Asset In Leominster, MA For $5.46M
SOLDRetail

NNN Pro Group Sells Retail Asset In Leominster, MA For $5.46M

865 Merriam Avenue

$5,459,575

$195/SF

Building Size

28,000 SF

Asset Type

Retail

Closing

Jul 1, 2024

AI

The retail property located at 865 Merriman Avenue in Leominster, MA, was sold for $5,459,575. The asset spans 28,000 square feet with a price per square foot of $195. The sale was facilitated by the NNN Pro Group.

Summary of transation details:

The NNN Pro Group played a crucial role in arranging the sale of the Twin City strip center in Leominster, MA, ensuring a successful transaction for all parties involved.

Players

Brian Ahrens

Horvath & Tremblay

Broker

$38.7M

vol

9 deals

Broker

Leominster 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

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93