Regal Acquisitions Acquires Retail Property On Broad Street For $10.5M

A retail property located at 25 Broad Street in the Financial District has been sold for a total of $10,500,000. The property spans over 21,400 square feet, resulting in a price per square foot of $490. The property consists of 3 units, with a price per unit of $3,500,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Size: 21,400 square feet
• Price Per Square Foot: $490
• Number of Units: 3
• Price Per Unit: $3,500,000
• Address: 25 Broad Street
• Market: Financial District

The seller of the retail property was LCOR, while the buyer was Regal Acquisitions – Cohen Family. The transaction was facilitated by Nat Rockett from Marcus & Millichap.