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145 Great Road

Crosspoint Acquisitions Acquires Brookside Shops Retail Center In Acton, MA For $21M
SOLDRetail

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.

Players

James Koury

Institutional Property Advisors

Broker

$435.3M

vol

21 deals

Broker

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