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Retail Property Sells For $5.2 Million In Quincy, MA With Brokers Justin Smith, Danielle Turpin & Matt Ericson
SOLD
$5,200,000
Massachusetts
See Similar DealsRetail22,100 SF
Sold 04/30/2026
SOLD
Retail Property Sells For $5.2 Million In Quincy, MA With Brokers Justin Smith, Danielle Turpin & Matt Ericson
625 Southern Artery
See Similar DealsRetail22,100 SF
Sold 04/30/2026
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$235
Total Square Footage:22,100 SF
Transaction Type:Sale
This article discusses the sale of a fully leased retail property located at 625 Southern Artery in Quincy, MA. The asset spans 1.7 acres and has a total square footage of 22,100. The sale price reached $5,200,000, translating to a price per square foot of $235.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 625 Southern Artery
- Market: Quincy, MA
- Acres: 1.7
- Square Footage: 22,100
- Price per Square Foot: $235
Atlantic Capital Partners facilitated the transaction, where brokers Justin Smith, Danielle Turpin, and Matt Ericson represented the seller. The buyer remains undisclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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