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505 East Main Street

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

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

505 East Main Street

$11,100,000

$97/SF

Building Size

113,500 SF

Asset Type

Retail

Closing

Jan 21, 2025

AI

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

Lee & Associates

Broker

$109.3M

vol

13 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Southbridge Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.43%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93