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:
- Property Type: Commercial
- Transaction Amount: $9,000,000
- Square Footage: 112,265
- Address: 73 Mazzeo Drive
- Market: Randolph, MA
- Price Per Square Foot: $80
- Brokers: Justin Smith, David Smookler, Peter Considine, Danielle Turpin & Matt Austin - Atlantic Retail
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
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