NNN Pro Group Represents Buyer And Seller In Walpole MA Retail Sale For $2.36M
1469 Boston Providence Highway
$2,363,750
$484/SF
Building Size
4,876 SF
Asset Type
Retail
Closing
Dec 27, 2024
AI
The property asset involved in this transaction is a retail space located at 1469 Boston Providence Highway in Walpole, MA. The transaction was completed at a sale price of $2,363,750, encompassing a total square footage of 4,876 with a price per square foot of $484.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,363,750
- Square Footage: 4,876
- Price Per Square Foot: $484
- Address: 1469 Boston Providence Highway
- Market: Walpole, MA
- Brokers: Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia & Stewart Hickey - NNN Pro Group
NNN Pro, along with their broker of record Bang Realty-New England Inc, represented both the buyer and seller in the sale of the Friendly's in Walpole (Norwood), MA.
Players
Boston 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
6.71%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93