Updated Oct 29, 2024
FCA Acquires Town Plaza Retail Strip Plaza In Whitinsville For $3M
185 Church St, Northbridge, MA, 01588
$3,000,000
$94/SF
Building Size
31,745 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
Located at 185 Church St, Northbridge, MA, 01588, Town Plaza is a 31,745 square foot retail strip plaza sitting on 8.56 acres of land in Whitinsville. The property was recently sold for $2,999,999, featuring pylon signage, abundant off-street parking, and full occupancy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,999,999.00
- Seller's Representative: Thomas Blakely()
- Buyer: FCA
TRB Realty, led by Thomas Blakely, CCIM, successfully brokered the sale of Town Plaza on behalf of J&N Whitinsville Trust. The transaction was described as a smooth process by Lou Vinios from JPA Management LLC, highlighting Blakely's professionalism and attention to detail throughout the deal. TRB Realty's expertise and commitment ensured a successful and seamless closing for both the seller and the buyer.
Players
Whitinsville 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93