Cap Rate
7.83%
Price Per SF
$191
Gross SQFT
9,420
Year Built
2008
NOI
$140,981
Property Type
Shopping Centers
INVESTMENT HIGHLIGHTS
- EXTENSIVE CAPITAL IMPROVEMENTS COMPLETED IN 2024 – Significant capital expenditures undertaken by current ownership, enhancing the property’s long-term value and reducing near-term maintenance costs.
- NEW ROOF INSTALLED IN 2024 – Offering structural peace of mind and reduced future capital obligations for ownership.
- NEWLY SEALED & STRIPED PARKING LOT (2024) – Enhancing curb appeal while improving functionality for tenants and customers.
- AFFLUENT CONSUMER BASE – Average household income within a 1-mile radius stands at an impressive $137,034, supporting strong retail spending power.
- PRIME TOURISM & CULTURAL DESTINATION – The property benefits from year-round tourism, driven by proximity topopular regional attractions such as the Berkshire Mountains, Clark Art Institute, and the Williamstown Theatre Festival.
- PROXIMITY TO WILLIAMS COLLEGE – Located just 0.8 miles from Williams College, a prestigious institution that further drives consistent foot traffic and demand for convenient retail and dining options.
Broker of Record
- Kyle Matthews
- License No. 1000083-RE-RB (MA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 1600 West End,
Ste. 1500 Nashville, TN 37203