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

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SOLD
$10,750,000

Massachusetts

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Retail46,738 SF
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SOLD

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

18 Main Street & 20 Main Street

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Retail46,738 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$230
Total Square Footage:46738 SF
Transaction Type:Sale

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
26 deals$508.3M volume
BROKER

Chris Peterson
Atlantic Retail
26 deals$432.8M volume
BROKER

Danielle Turpin
Atlantic Retail
9 deals$174.4M volume(201) 322-4718
BROKER

Details

SOLD
IMAGE: Justin Smith, Chris Peterson & Danielle Turpin DATE: 03/04/2026 ADDRESS: 18-20 Main Street, MA MARKET: North Reading, MA ASSET TYPE: Retail BROKERS: Justin Smith, Chris Peterson & Danielle Turpin - Atlantic Retail SALE PRICE: $10,750,000 SF: 46,738 ~ PPSF: $230 NOTE: Atlantic Capital Partners brokered the $10.75M sale of the fully leased 46,738-square-foot retail center at 18-20 Main St. in North Reading, anchored by CVS and nine service tenants.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81