Faramarz Khalili Acquires Mixed-use Property From Barberan Family For $1,000,000 In Fresh Pond

This mixed-use property located at 66-27 Fresh Pond Road in the Fresh Pond market was sold for $1,000,000. The asset has a square footage of 3,300 and a price per square foot of $303. The transaction reflects a cap rate of 5.3 based on the property's in-place income.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $1,000,000
• Address: 66-27 Fresh Pond Road
• Market: Fresh Pond
• Square Footage: 3,300
• Price per Square Foot: $303
• Buyer: Faramarz Khalili
• Seller: Barberan Family
• Brokers: Nick Kolbus & Dylan Walsh - Cushman & Wakefield

The transaction involved buyer Faramarz Khalili acquiring the property from the Barberan Family. The deal was facilitated by brokers Nick Kolbus and Dylan Walsh from Cushman & Wakefield, who represented the transaction effectively.