435 Westgate Dr - Freestanding FOR SALE


Brockton, MA 02301
$10,580,000 USD
508-272-0585
435 Westgate Dr, Brockton, MA for Sale
$10,580,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

435 Westgate Dr
Brockton, MA 02301


OVERVIEW

Atlantic Capital Partners is pleased to exclusively offer for sale the brand-new Urban Air Adventure Park located in Brockton, MA. The property sits as an outparcel to the Westgate Mall, one of Greater Boston’s most-visited shopping centers with over 5.7 million annual visitors. Home to major retailers Market Basket, Burlington, and Planet Fitness, the Westgate Mall services the surrounding communities of Brockton, Stoughton, and Avon, the suburban communities located just 22 miles south of Boston. Situated at 435 Westgate Drive, the 52,900 Square Foot asset sits atop a 4.77 acre parcel positioned just off exit 33 on Route 24 (58,277 VPD). Urban Air Adventure Park signed a 10-year lease in September 2022 and rent commenced in February 2024. Urban Air is currently paying $740,600 with 12% rental increases every 5 years, including their two (2), five (5) year options. The offering also includes the ability to develop an outparcel (~0.70 Acres) that allows an investor to realize an increased yield through either a spin off of this pad site or through a programmatic leasing campaign.

FOR SALE DETAILS

PRICE

$10,580,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Air Adventure Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

4.01 AC

LAND SF

174,676 SF

ZONING

C2

APN/PARCEL ID

BROC-000015-000108

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.