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Industrial Commercial Properties LLC Acquires Solomon Pond Mall From David E. Simon For $8.5M
SOLD
$8,500,000
Massachusetts
See Similar DealsRetail
Sold 12/23/2025
SOLD
Industrial Commercial Properties LLC Acquires Solomon Pond Mall From David E. Simon For $8.5M
601 Donald J Lynch Boulevard
See Similar DealsRetail
Sold 12/23/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
The property involved in the transaction is a retail asset located at 601 Donald J Lynch Boulevard in Marlborough, MA. It was sold for $8,500,000, which is significantly lower than its 2023 valuation of $30.4 million, reflecting the current challenges faced by mall properties in New England.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Buyer: Industrial Commercial Properties LLC
- Seller: David E. Simon - Simon Property Group
The transaction highlights notable entities in the retail property market, specifically involving Industrial Commercial Properties LLC as the buyer and David E. Simon, representing Simon Property Group as the seller. This deal underscores the ongoing distress faced by malls and retail spaces in the region.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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