facebook
Traded Co logo
Submit
Daily limit: 0/10

Vincent D. Rougeau And Denis Dowdle Acquire Former Rotmans Furniture Property In Worcester For $7.95M

Property Image
SOLD
$7,950,000

Massachusetts

See Similar Deals
Industrial300,000 SF
Sold 01/17/2025
the dealdetailscomps
Property Image
SOLD

Vincent D. Rougeau And Denis Dowdle Acquire Former Rotmans Furniture Property In Worcester For $7.95M

725 Southbridge Street

See Similar Deals
Industrial300,000 SF
Sold 01/17/2025
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$26
Total Square Footage:300,000 SF
Transaction Type:Sale

The industrial property located at 725 Southbridge Street in Worcester, MA spans 4 acres and comprises a total of 300,000 square feet. It has been sold for a price of $7,950,000, resulting in a price per square foot of $27.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $7,950,000
  • Address: 725 Southbridge Street
  • Market: Worcester, MA
  • Acres: 4
  • Square Footage: 300,000
  • Price per Square Foot: $27
  • Buyer: Vincent D. Rougeau - Holy Cross
  • Buyer: Denis Dowdle - Madison Properties

Holy Cross and Madison Properties have acquired the former Rotmans Furniture property with plans to develop a master plan for long-term redevelopment. This collaboration focuses on aligning the project with Holy Cross’ Jesuit mission while considering adaptive reuse of the historic site.

Details

SOLD
IMAGE: Vincent D. Rougeau & Denis Dowdle DATE: 01/17/2025 ADDRESS: 725 Southbridge Street MARKET: Worcester, MA ASSET TYPE: Industrial ~ ACRES: 4 BUYER: Vincent D. Rougeau (@VDPRougeau) - Holy Cross & Denis Dowdle - Madison Properties SALE PRICE: $7,950,000 SF: 300,000 ~ PPSF: $27 NOTE: Holy Cross and Madison Properties have acquired the 14-acre, 300,000-sf former Rotmans Furniture property at 725 Southbridge St. in Worcester for $7.95M. The collaboration aims to develop a master plan for long-term redevelopment, aligned with Holy Cross’ Jesuit mission, while exploring adaptive reuse of the historic site.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$424,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
Annual Debt Service$452,244.67