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Tom Boyle Of Chozick Realty Represents Seller In $11.1M Sale Of Southbridge Fair Retail Center

Property Image
SOLD
$11,100,000

Massachusetts

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Retail113,500 SF
Sold 01/21/2025
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Property Image
SOLD

Tom Boyle Of Chozick Realty Represents Seller In $11.1M Sale Of Southbridge Fair Retail Center

505 East Main Street

See Similar Deals
Retail113,500 SF
Sold 01/21/2025
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$97
Total Square Footage:113,500 SF
Transaction Type:Sale

The property involved in the transaction is Southbridge Fair, a retail center located at 505 East Main Street in Southbridge, MA. The asset spans 13 acres and encompasses a total square footage of 113,500. The sale price for this fully leased retail center, which is anchored by Big Y World Class Market, was $11,100,000, leading to a price per square foot of $98.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,100,000
  • Square Footage: 113,500
  • Address: 505 East Main Street
  • Market: Southbridge, MA
  • Acres: 13
  • Broker: Tom Boyle - Chozick Realty

Tom Boyle of Chozick Realty represented the undisclosed seller in this transaction and played a key role in procuring the buyer for the retail center.

Players

Tom Boyle
13 deals$109.3M volume(773) 355-5079
BROKER

Thomas (Tom) Boyle
Chozick Realty
4 deals$31.9M volume(860) 649-4800
BROKER

Lee & Associates
BROKERAGE

Details

SOLD
IMAGE: Tom Boyle DATE: 01/21/2025 ADDRESS: 505 East Main Street MARKET: Southbridge, MA ASSET TYPE: Retail ~ ACRES: 13 BROKER: Tom Boyle - Chozick Realty SALE PRICE: $11,100,000 SF: 113,500 ~ PPSF: $98 NOTE: Chozick Realty arranged the $11.1M sale of Southbridge Fair, a 113,500-square-foot fully leased retail center in Southbridge anchored by Big Y World Class Market. Tom Boyle represented the undisclosed seller and procured the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$592,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,435.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,619.66
Annual Debt Service$631,435.96