Laith Azzouni Acquires Retail Property At 482 Southbridge Street Auburn For $2.2M
SOLD
$2,200,000
Massachusetts
See Similar DealsRetail11,776 SF
Sold 02/03/2025
SOLD
Laith Azzouni Acquires Retail Property At 482 Southbridge Street Auburn For $2.2M
482 Southbridge Street
See Similar DealsRetail11,776 SF
Sold 02/03/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:11,776 SF
Transaction Type:Sale
The retail property located at 482 Southbridge Street in Auburn, MA has been sold for $2,200,000. The asset comprises a total of 11,776 square feet, resulting in a price per square foot of $186.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 482 Southbridge Street
- Market: Auburn, MA
- Square Footage: 11,776
- Price per Square Foot: $186
- Buyer: Laith Azzouni
- Seller: Szeto Family - Julie Szeto, Trustee
- Brokers: Alexis Brissette & David Burwick - NAI Glickman Kovago and Jacobs
Laith Azzouni acquired the property from the Szeto Family, represented in the transaction by Julie Szeto, Trustee. The brokers facilitating the sale were Alexis Brissette and David Burwick from NAI Glickman Kovago and Jacobs.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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