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
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