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
Southbridge 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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93