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18 Main Street

Retail Center In North Reading MA Sold For $10.75M With Brokers Justin Smith, Chris Peterson & Danielle Turpin
SOLDRetail

Retail Center In North Reading MA Sold For $10.75M With Brokers Justin Smith, Chris Peterson & Danielle Turpin

18 Main Street & 20 Main Street

$10,750,000

$230/SF

Building Size

46,738 SF

Asset Type

Retail

Closing

Mar 4, 2026

AI

The property involved in the transaction is a fully leased retail center located at 18-20 Main Street, North Reading, MA. This asset spans 46,738 square feet and was sold for $10,750,000, translating to a price per square foot of $230. The retail center is anchored by CVS and features nine service tenants.

Summary of transaction details:

Atlantic Capital Partners facilitated the transaction of the retail center, showcasing their role in brokering the sale. The involvement of Justin Smith, Chris Peterson, and Danielle Turpin as the representatives from Atlantic Retail was pivotal in the completion of this deal.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

North Reading 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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93