Taylor Saulnier, CCIM of MANSARD facilitated the sale of Parkhill Plaza, a 55,000 SF retail center in Fitchburg, MA for $5,800,000. MANSARD represented both the Seller, Aubuchon Realty Company and the Buyer, A1Q Park Hill Plaza via a private sale process.
The three building sale features 20+ tenants and a valuable array of essential services. The anchor tenant, Aubuchon Hardware recently executed a new 10 year lease showing their commitment to the site. The sale included 3 buildings and a pad site which can accommodate a future retail development. Parkhill Plaza was one of the Corporations oldest holdings which they expanded over the years, with the most recent pad site being sold to Cumberland Farms. The Parkhill Plaza properties sold for $5,800,000 on November 1, 2022.
Parkhill Plaza serves as a true service provider to the local Fitchburg community. The rent roll features a valuable e-commerce-proof tenant mix with long-term tenants that have been serving the local community for decades. This neighborhood center has been chosen by various national tenants such as CVS, Cumberland, Dunkin, Davita Dialysis, Family Dollar & more, proving that the strategically located site is designed to support various industries from medical to retail for decades to come.
Sometimes the first buyer is not the right buyer. If you are thinking of selling and want confidence in selecting the right buyer for your high-value commercial property, request a consultation with MANSARD today by calling emailing advisors@mansardcre.com or calling (617) 674-2043.
Over the past 19 years, MANSARD has negotiated the successful sale of more than 1,000 properties for its clients, which makes it one* of the most successful selling commercial real estate brokerages in Massachusetts. (*Boston Business Journal) Over 81% of MANSARD’s business is repeat or referral.
For additional information:
Bella Ciluffo, Marketing Coordinator
(617) 510-0280
advisors@mansardcre.com
https://masscommercialproperties.com/team/