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9102 Shops Way, Northboroug...

RPT Realty Acquires Retail Property In Northborough For $104M
SOLDRetail

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

Brian Harper

11North Partners

Broker

$1.1B

vol

7 deals

Broker
Brian Harper

Brian Harper

RPT Realty

Buyer

$1.1B

vol

7 deals

Buyer
RR
RPT RealtyBuyer
Lisa Palmer

Lisa Palmer

Regency Centers

Seller

$804.6M

vol

12 deals

Seller

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