Johnpaul Sidhu & Others Acquire Retail Portfolio From KAB Properties For $4.676M In Massachusetts

The transaction involves the sale of five single-tenant net-lease retail properties located across Massachusetts, specifically at 13 Pleasant Street, 610 Main Street, 33 Main Street, 50 West Center Street, and 116 Main Street. The total sale price for the portfolio was $4,676,000, with a total square footage of 8,768 and a price per square foot of $533.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,676,000
• Buyer: Johnpaul Sidhu & Others
• Seller: KAB Properties
• Seller's Representative: Chris McMahon & Travis Ginsberg - Summit Realty Partners
• Market: Spencer, Clinton, Belchertown, Lee & Pepperell, MA
• Sold prices for each property: 13 Pleasant St – $805,000, 610 Main St – $1,000,000, 33 Main St – $921,000, 50 W Center St – $990,000, 116 Main St - $960,000

Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the seller, KAB Properties, effectively managing the sale that attracted significant investor interest. The portfolio's appeal was bolstered by brand credit, long-term leases, and stable cash flow, leading to a successful transaction.