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
Foster 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93