Thomas Boyle Of Chozick Realty Closes Sale Of Retail Center In Morristown For $9.85M
19 Morrisville Plaza & 105 Morrisville Plaza
$9,850,000
$47/SF
Building Size
208,760 SF
Asset Type
Retail
Closing
Sep 5, 2025
AI
The property involved in the transaction is a retail asset located at 19-105 Morrisville Plaza in Morristown, VT. The retail center encompasses 104,380 square feet and is situated on an 11-acre lot. The sale price for the property was $9,850,000, translating to a price per square foot of $94.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,850,000
- Sale Date: 09/05/2025
- Broker: Thomas Boyle - Chozick Realty
- Market: Morristown, VT
- Square Footage: 104,380
- Price Per Square Foot: $94
- Acres: 11
Tom Boyle of Chozick Realty represented the sale of Morrisville Plaza, which is fully leased to Marshall’s, Ocean State Job Lot, and several outparcel tenants, indicating a fully leased operational retail center at the time of the transaction.
Players
Morrisville 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
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93