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265 Main Street

Atlantic Capital Partners Sells North Reading Landing Retail Site For $7.3 Million
SOLDRetail

Atlantic Capital Partners Sells North Reading Landing Retail Site For $7.3 Million

265 Main Street & 277 Main Street

$7,300,000

$51/SF

Building Size

141,494 SF

Asset Type

Retail

Closing

Jun 16, 2026

AI

The property involved in this transaction is a retail asset located at 265 Main Street and 277 Main Street in North Reading, Massachusetts. The total sale price for this redevelopment site is $7,300,000, comprising a total area of 70,747 square feet, which translates to a price per square foot of $103.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Sale Date: 06/16/2026
  • Address: 265 Main Street & 277 Main Street
  • Market: North Reading, MA
  • Square Footage: 70,747
  • Price per Square Foot: $103

This transaction was facilitated by Atlantic Retail, representing Atlantic Capital Partners in the sale of North Reading Landing. The brokers involved in this transaction are Justin Smith, Sam Koonce, Chris Peterson, Steve Tomasello, and Leslie Cotter.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

Market 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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93