Rowley Crossing Retail Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30352105
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 24,950 SF
Gross Building Area: See Agent
Sale Price: $3,444,981
Unit Price: $138.08 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 2/20/2019

Overview / Comments

The Rowley Crossing Plaza is a very popular shopping center situated on Route 1 with Marquee Signage on the highway. Historically speaking it has been a destination center with an extremely stable tenant history, as evidenced by the move-in dates published herein. The Property is well-maintained with all the necessary capital improvements up to date. Through a previous site plan review it was determined there was insufficient storm water drainage for which was addressed. Additionally it was found the septic system was inadequate for the size and tenanted uses for which the property owners have replaced with a system substantially larger than its previous size. There is an enormous amount of parking on-site and little vacancy history.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: M:0013 B:0014D L:0000
Zoning: COMMERCIAL
Lot Frontage: 1

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,578 43,297
Median Age: 43.89 44.4
Households: 5,750 16,077
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