Marcus & Millichap Brokers Sell Seekonk Retail Property For $26M
SOLD
$26,000,000
Massachusetts
See Similar DealsRetail135,857 SF
Sold 04/11/2022
SOLD
Marcus & Millichap Brokers Sell Seekonk Retail Property For $26M
95 Highland Avenue, Seekonk, Massachusetts 02771, United States
See Similar DealsRetail135,857 SF
Sold 04/11/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$191
Total Square Footage:135,857 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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