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482 Southbridge Street

Laith Azzouni Acquires Retail Property At 482 Southbridge Street Auburn For $2.2M
SOLDRetail

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

David Burwick

NAI Global

Broker

$8M

vol

2 deals

Broker

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