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Highland Realty Holdings Acquires Mixed-Use Property In Randolph For $39.3 Million

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SOLD
$39,300,000

Massachusetts

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Mixed-use126,460 SF
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Property Image
SOLD

Highland Realty Holdings Acquires Mixed-Use Property In Randolph For $39.3 Million

19 Highland Avenue

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Mixed-use126,460 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$310
Total Square Footage:126460 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use building located at 19 Highland Avenue, Randolph, MA. The sale price was $39,300,000, consisting of 107 units with a price per unit of $367,289. The total square footage is 126,460, with a price per square foot of $310.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $39,300,000
  • Units: 107
  • Price Per Unit: $367,289
  • Square Footage: 126,460
  • Price Per Square Foot: $310
  • Buyer: Highland Realty Holdings
  • Seller: Taj Estates of Randolph
  • Buyer's Representative: Christopher Sower & Jonathan Bryant - Cushman & Wakefield
  • Seller's Representative: Robert Schiavo - Schiavo Enterprises

The acquisition was facilitated by Christopher Sower and Jonathan Bryant, who represented the buyer, Highland Realty Holdings. Robert Schiavo represented the seller, Taj Estates of Randolph, and was involved in the overall development of the property.

Players

Jon Bryant
56 deals$793.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Details

SOLD
IMAGE: Christopher Sower, Jonathan Bryant & Robert Schiavo DATE: 02/28/2025 ADDRESS: 19 Highland Avenue MARKET: Randolph, MA ASSET TYPE: Mixed-use BUYER: Highland Realty Holdings SELLER: Taj Estates of Randolph BUYER'S REP: Christopher Sower (@CSower1) & JonathanBryant - Cushman & Wakefield (@CushWake) SELLER'S REP: Robert Schiavo - Schiavo Enterprises SALE PRICE: $39,300,000 UNITS: 107 ~ PPU: $367,289 SF: 126,460 ~ PPSF: $310 NOTE FROM BROKER: The acquisition was facilitated by Christopher Sower and Jonathan Bryant of Cushman and Wakefield, who represented the BUYER. The SELLER-Taj Estates of Randolph, was represented by Robert Schiavo of Schiavo Enterprises, who was involved in the overall development.

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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