Updated Dec 18, 2024
Shaw's Plaza Retail Center Sold For $21.4 Million In Ashland, MA With Atlantic Capital Partners
301 Pond Street
$21,400,000
$214/SF
Building Size
100,000 SF
Asset Type
Retail
Closing
Dec 18, 2024
About this deal
AI
The property at 301 Pond Street, located in Ashland, MA, is a retail asset characterized by 10 acres of land and a total square footage of 100,000. Recently sold for $21,400,000, this transaction highlights the growing interest in grocery-anchored retail centers as it includes significant amenities for local consumers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,400,000
- Sale Date: 12/18/2024
- Address: 301 Pond Street, Ashland, MA
- Square Footage: 100,000
- Price Per Square Foot: $214
- Acres: 10
- Broker: Atlantic Capital Partners
Atlantic Capital Partners represented both the seller and the buyer in this transaction. The new owner is a real estate firm based in California, signaling an active investment interest in the Ashland market, particularly in retail spaces.
On the Map
$21,400,000
$214/SF
Retail
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Players
Ashland 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93