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Shopping Neighborhood

Cape Ann Marketplace

127 Eastern Ave, Gloucester, MA 01930

Listing Price: $17,175,000

Cap Rate
7.50%
Gross SF
102,977
Rentable SF
102,977
Price/Gross SF
$166.78
Lot Size
8.42 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to offer for sale Cape Ann Marketplace, a neighborhood, grocery anchored shopping center located just 35 miles from Boston’s CBD in Gloucester, MA. The center offers one stop essential shopping with Shaw’s, Walgreens and Seabreeze Liquors, as well as servicing many personal needs with Ocean Optical, Harborside Dental, Salon 127, Polished Day Spa, Easy Ship & Pack and Churchill Properties Real Estate

Investment Highlights

  • MIXED-USE CENTER WITH ESSENTIAL RETAILERS SERVING CAPE ANN SINCE 1960
  • SHAW'S AND WALGREENS SECURELY GENERATE 84% OF THE CENTER'S DURABLE, ESSENTIAL NOI
  • SHAW'S HAS FULL RESPONSIBILITY FOR MAINTAINING THE CENTER'S CAM

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

    Boston

  • Alex Quinn

    Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

Shopping Neighborhood

Cape Ann Marketplace

Listing Price: $17,175,000

Cap Rate
7.50%
Gross SF
102,977
Rentable SF
102,977
Price/Gross SF
$166.78
Lot Size
8.42 acres
Year Built
1960

Investment Highlights

  • MIXED-USE CENTER WITH ESSENTIAL RETAILERS SERVING CAPE ANN SINCE 1960
  • SHAW'S AND WALGREENS SECURELY GENERATE 84% OF THE CENTER'S DURABLE, ESSENTIAL NOI
  • SHAW'S HAS FULL RESPONSIBILITY FOR MAINTAINING THE CENTER'S CAM

Investment Overview

Marcus & Millichap is pleased to offer for sale Cape Ann Marketplace, a neighborhood, grocery anchored shopping center located just 35 miles from Boston’s CBD in Gloucester, MA. The center offers one stop essential shopping with Shaw’s, Walgreens and Seabreeze Liquors, as well as servicing many personal needs with Ocean Optical, Harborside Dental, Salon 127, Polished Day Spa, Easy Ship & Pack and Churchill Properties Real Estate

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

    Boston

  • Alex Quinn

    Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

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