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

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SOLD
$5,800,000

Rhode Island

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Retail55,000 SF
Sold 11/01/2022
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SOLD

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

72 Franklin Road

See Similar Deals
Retail55,000 SF
Sold 11/01/2022
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Summary

RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:55,000 SF
Transaction Type:Sale

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.

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9 deals$35.2M volume
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SELLER

Details

SOLD
IMAGE: Taylor Saulnier DATE: 11/01/2022 ADDRESS: 72, 96, 100 Franklin Road MARKET: Fitchburg, MA ASSET TYPE: Retail BUYER: A1Q Park Hill Plaza SELLER: Aubuchon Realty Company BROKER: Taylor Saulnier (@TaylorMimosa) - Mansard Commercial Properties SALE PRICE: $5,800,000 SF: 55,000 ~ PPSF: $105

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51