facebook
Traded Co logo
Submit
Daily limit: 0/10

CJ Shaughnessy Realty LLC Acquires RK Kohl's Stoughton Retail Property For $18.5M

Property Image
SOLD
$18,500,000
Thomas (Tommy) Landry
Andrew Bonica

Massachusetts

See Similar Deals
Retail89,136 SF
Sold 12/17/2024
the dealplayerscompscontact
Property Image
SOLD

CJ Shaughnessy Realty LLC Acquires RK Kohl's Stoughton Retail Property For $18.5M

501 Technology Center Drive

See Similar Deals
Retail89,136 SF
Sold 12/17/2024
Thomas (Tommy) Landry
Andrew Bonica
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$207
Total Square Footage:89,136 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 501 Technology Center Drive, Stoughton, MA. The asset comprises 89,136 square feet and was sold for a total price of $18,500,000, resulting in a price per square foot of $208.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $18,500,000
  • Address: 501 Technology Center Drive
  • Market: Stoughton, MA
  • Square Footage: 89,136
  • Price Per Square Foot: $208
  • Buyer: Chris Shaughnessy - CJ Shaughnessy Realty LLC
  • Seller: R.K. Stoughton, LLC
  • Broker Representing Buyer and Seller: Andrew Bonica & Thomas Landry - Eastern Retail Properties

The transaction was facilitated by brokers Andrew Bonica and Thomas Landry, representing Eastern Retail Properties. The seller, R.K. Stoughton, LLC, previously acquired the property in 2014 and later repurposed it for potential industrial use after Koh's chose not to renew its lease.

Players

Thomas (Tommy) Landry
Eastern Retail Properties
Thomas Landry
2 deals$29.8M volume(781) 849-9015
BROKER
Andrew Bonica
Eastern Retail Properties
Andrew Bonica
1 deal$18.5M volume(617) 201-4722
BROKER

Details

SOLD
IMAGE: Chris Shaughnessy, Andrew Bonica & Thomas Landry DATE: 12/17/2024 ADDRESS: 501 Technology Center Drive MARKET: Stoughton, MA ASSET TYPE: Retail BUYER: Chris Shaughnessy - CJ Shaughnessy Realty LLC SELLER: R.K. Stoughton, LLC BROKERS: Andrew Bonica (@ABonica1981) & Thomas Landry - Eastern Retail Properties (@EasternRetail) SALE PRICE: $18,500,000 SF: 89,136 ~ PPSF: $208 NOTE: RK Centers sold the 89,136-square-foot RK Kohl's - Stoughton property in Massachusetts for $18.5 million to CJ Shaughnessy Realty, LLC. The property, originally acquired in 2014, was repurposed for potential industrial use after Kohl’s chose not to renew its lease.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$986,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26