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:
- Property Type: Retail
- Transaction Amount: $10,750,000
- Square Footage: 46,738
- Address: 18-20 Main Street, MA
- Market: North Reading, MA
- Price per Square Foot: $230
- Brokers: Justin Smith, Chris Peterson & Danielle Turpin - Atlantic Retail
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
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