Updated Sep 5, 2024
Marcus & Millichap Brokers Sell Seekonk Retail Property For $26M
95 Highland Avenue, Seekonk, Massachusetts 02771, United States
$26,000,000
$191/SF
Building Size
135,857 SF
Asset Type
Retail
Closing
Apr 10, 2022
About this deal
AI
An industrial property located at 95 Highland Ave in Seekonk, MA has been sold for a total of $26,000,000. The property, which falls under the asset type of retail, spans a total of 135,857 square feet, equating to a price per square foot of $191.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,000,000
- Date: 04/11/2022
- Address: 95 Highland Ave
- Market: Seekonk, MA
- Brokers: Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia - The NNN Pro Group of Marcus & Millichap
- Square Footage: 135,857
- Price per Square Foot: $191
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia, representing The NNN Pro Group of Marcus & Millichap, facilitated the sale of this retail property in Seekonk, MA.
Players
Seekonk 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93