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72 Franklin Road

SOLDRetail

A1Q Park Hill Plaza Acquires Retail Property In Fitchburg, MA For $5.8 Million

72 Franklin Road

$5,800,000

$105/SF

Building Size

55,000 SF

Asset Type

Retail

Closing

Nov 1, 2022

AI

The retail property located at 72, 96, and 100 Franklin Road in Fitchburg, MA has been sold in a closed transaction. The property spans a total of 55,000 square feet and was sold for a price of $5,800,000, resulting in a price per square foot of $105. The buyer of the property is A1Q Park Hill Plaza, while the seller is Aubuchon Realty Company. The transaction was facilitated by Taylor Saulnier from Mansard Commercial Properties.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Square Footage: 55,000
  • Price per Square Foot: $105
  • Address: 72, 96, 100 Franklin Road, Fitchburg, MA
  • Buyer: A1Q Park Hill Plaza
  • Seller: Aubuchon Realty Company
  • Broker: Taylor Saulnier - Mansard Commercial Properties

This transaction demonstrates the successful sale of the retail property by Aubuchon Realty Company to A1Q Park Hill Plaza. The property, located at 72, 96, and 100 Franklin Road in Fitchburg, MA, spans a total of 55,000 square feet and was sold at a price of $5,800,000, resulting in a price per square foot of $105. Taylor Saulnier from Mansard Commercial Properties represented the buyer in this deal.

Players

Taylor Saulnier

Broker

$35.2M

vol

9 deals

Broker
AC
Aubuchon Realty CompanySeller

Foster Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93