NNN Pro Group Represents Sale Of Ledgeview Way Shopping Center In Wrentham For $12.25M
SOLD
$12,250,000
+ 1
Massachusetts
See Similar DealsRetail26,770 SF
Sold 10/09/2024
SOLD
NNN Pro Group Represents Sale Of Ledgeview Way Shopping Center In Wrentham For $12.25M
Ledgeview Way
See Similar DealsRetail26,770 SF
Sold 10/09/2024
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$457
Total Square Footage:26,770 SF
Transaction Type:Sale
The Ledgeview Way shopping center, located at 5 & 15 Ledgeview Way in Wrentham, MA, has been sold for $12,250,000. The retail property encompasses a total square footage of 26,770, resulting in a price per square foot of $457.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,250,000
- Square Footage: 26,770
- Price Per Square Foot: $457
- Address: 5 & 15 Ledgeview Way
- Market: Wrentham, MA
The transaction was facilitated by Glen Kunofsky, Josh Kanter, and Stewart Hickey from NNN Pro Group, along with Anthony D'Ambrosia, representing the broker of record, Bang Realty-New England, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,521.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,071.25
Annual Debt Service$696,855.00
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