Crosspoint Acquisitions Acquires Brookside Shops Retail Center In Acton, MA For $21M
145 Great Road & 149 Great Road
$21,000,000
$139/SF
Building Size
151,058 SF
Asset Type
Retail
Closing
Feb 12, 2024
AI
The 75,529-square-foot shopping center located at 145-149 Great Road in Acton, Massachusetts has been sold for $21 million. The property, known as Brookside Shops, is anchored by Trader Joe's and was acquired by Crosspoint Acquisitions. The sale was facilitated by Marcus & Millichap's Institutional Property Advisors (IPA), with Jim Koury of IPA representing the undisclosed seller in the deal.
Summary of transaction details
- Property Type: Retail
- Sale Price: $21,000,000
- Square Footage: 75,529
- Price Per Square Foot: $278
- Address: 145-149 Great Road, Acton, MA
- Market: Acton, MA
James Koury of Marcus & Millichap played a crucial role as the broker for this transaction. With his expertise, he successfully orchestrated the deal on behalf of the undisclosed seller. This acquisition marks another notable success for Crosspoint Acquisitions, highlighting their continued investment in the retail sector.
Acton 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93