Laith Azzouni Acquires Retail Property At 482 Southbridge Street Auburn For $2.2M
482 Southbridge Street
$2,200,000
$186/SF
Building Size
11,776 SF
Asset Type
Retail
Closing
Feb 3, 2025
AI
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.
Players
Auburn 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93