RPT Realty Acquires Retail Property In Northborough For $104M
9102 Shops Way, Northborough, Massachusetts, USA
$104,000,000
$161/SF
Building Size
646,000 SF
Asset Type
Retail
Closing
May 5, 2021
AI
The retail property located at 9102 Shops Way in Northborough, MA was recently sold in a transaction. The property spans a total area of 646,000 square feet and is classified as a retail asset. The deal was completed on 05/06/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $104,000,000
- Address: 9102 Shops Way, Northborough, MA
- Market: Northborough, MA
The seller, Lisa Palmer and Mike Mas, represented Regency Centers in the transaction. On the other side, Brian Harper acted as the buyer's representative on behalf of RPT Realty. The price per square foot for the property was calculated at $161.
Players
Northborough 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93