Updated Apr 20, 2026
Joel Kadis & Aubrey Cannuscio Of Linear Retail Properties Acquire Retail Asset In Needham For $7M
1013 Great Plain Avenue & 133 Chapel Street
$7,000,000
$308/SF
Building Size
11,330 SF
Asset Type
Retail
Closing
Apr 20, 2026
About this deal
AI
The retail property, Needham Center Shoppes, located at 113-133 Chapel St & 1013-1019 Great Plain Ave in Needham, MA, has been sold for $7 million. This asset spans 11,330 square feet, resulting in a price per square foot of $618.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Square Footage: 11,330
- Price Per Square Foot: $618
- Buyer: Joel Kadis & Aubrey Cannuscio - Linear Retail Properties
Joel Kadis and Aubrey Cannuscio of Linear Retail Properties completed the acquisition from a local family, marking a significant transaction in the Needham market.
Players
Needham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93