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73 Mazzeo Drive

Atlantic Capital Partners Brokers $9M Sale Of Commercial Asset At 73 Mazzeo Drive In Randolph MA
SOLDCommercial

Atlantic Capital Partners Brokers $9M Sale Of Commercial Asset At 73 Mazzeo Drive In Randolph MA

73 Mazzeo Drive

$9,000,000

$80/SF

Building Size

112,265 SF

Asset Type

Commercial

Closing

Apr 1, 2026

AI

The property involved in this transaction is a former Showcase Cinema located at 73 Mazzeo Drive in Randolph, MA. The asset encompasses a total area of 112,265 square feet and was sold for $9,000,000, which translates to a price per square foot of $80. This commercially zoned property is situated in a high-visibility location, approximately 15 miles south of Boston and possesses strong redevelopment potential.

Summary of transaction details:

The transaction was brokered by Atlantic Capital Partners, which successfully facilitated the sale of the property. Key individuals involved in the process include Justin Smith, David Smookler, Peter Considine, Danielle Turpin, and Matt Austin, all of whom represent Atlantic Retail and played a significant role in finalizing this deal.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

Randolph Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93