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:
- Property Type: Retail
- Transaction Amount: $5,459,575
- Address: 865 Merriman Avenue
- Market: Leominster, MA
- Buyer's Rep: Brian Ahrens - Horvath & Tremblay
- Seller's Rep: Anthony D'Ambrosia, Glen Kunofsky, Josh Kanter & Kevin Burke - NNN Pro Group
- SF: 28,000
- PPSF: $195
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
Leominster Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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