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Ledgeview Way

NNN Pro Group Represents Sale Of Ledgeview Way Shopping Center In Wrentham For $12.25M
SOLDRetail

NNN Pro Group Represents Sale Of Ledgeview Way Shopping Center In Wrentham For $12.25M

Ledgeview Way

$12,250,000

$457/SF

Building Size

26,770 SF

Asset Type

Retail

Closing

Oct 9, 2024

AI

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.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker

Wrentham 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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93