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Acadia Realty Trust Acquires 64-Acre Maple Tree Place Complex In Williston, VT For $77M
SOLD
$77,000,000
Vermont
See Similar DealsRetail
Sold 01/11/2024
SOLD
Acadia Realty Trust Acquires 64-Acre Maple Tree Place Complex In Williston, VT For $77M
28 Walnut Street
See Similar DealsRetail
Sold 01/11/2024
Summary
VERMONT
Asset Type:Retail
Transaction Type:Sale
Acadia Realty Trust, a New York-based commercial real estate company, has acquired the 64-acre Taft Corners shopping and office space complex, Maple Tree Place, located at 28 Walnut Street in Williston, VT. The property is a retail asset with a total area of 64 acres. The transaction took place on January 11, 2024, with a sale price of $77,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $77,000,000
- Address: 28 Walnut Street, Williston, VT
- Market: Williston, VT
- Buyer: Kenneth F. Bernstein - Acadia Realty Trust
The buyer in this transaction is Kenneth F. Bernstein, representing Acadia Realty Trust. Acadia Realty Trust is a New York-based commercial real estate company that specializes in acquiring and managing retail properties. With the acquisition of Maple Tree Place, Acadia Realty Trust expands its portfolio with a significant retail complex in Williston.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$273,564.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$365,019.28
Annual Debt Service$4,380,231.40
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