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Private Investor Acquires Fieldstone Marketplace Retail Center In New Bedford For $12.2M
SOLD
$12,200,000
Massachusetts
See Similar DealsRetail192,003 SF
Sold 11/12/2025
SOLD
Private Investor Acquires Fieldstone Marketplace Retail Center In New Bedford For $12.2M
500 Kings Highway
See Similar DealsRetail192,003 SF
Sold 11/12/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$63
Total Square Footage:192,003 SF
Transaction Type:Sale
A private investor purchased Fieldstone Marketplace, a retail asset located at 500 Kings Highway in New Bedford, MA. The shopping center spans 192,003 square feet and was acquired for $12.2 million, resulting in a price per square foot of $64.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,200,000
- Address: 500 Kings Highway
- Market: New Bedford, MA
- Square Footage: 192,003
- Price Per Square Foot: $64
- Brokers: Nat Heald, Connor Scott & Jordana Rice Roet - CBRE
This transaction was facilitated by the National Retail Partners team at CBRE, highlighting the professional involvement of the brokerage in the retail market space.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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