Urban Air Adventure Park 435 Westgate Dr 52,900 SF Retail Building Brockton, MA 02301 $10,580,000 ($200/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
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 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.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,900 SF
Building Class
A
Year Built/Renovated
2005/2025
Price
$10,580,000
Price Per SF
$200
Cap Rate
7.50%
NOI
$793,500
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.30
Lot Size
4.01 AC
Zoning
C2 - C-2 Allows retail, office automotive, theatre, amusements, hotels (SP, gas stations (SP), restaurants (SP)
Parking
165 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
266’ on Westgate Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Urban Air
- Retailer
- 52,900 SF
- -
- Nov 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Urban Air | Retailer | 52,900 SF | - | Nov 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | BROC-000015-000108 | Improvements Assessment | $4,711,600 |
| Land Assessment | $1,981,300 | Total Assessment | $6,692,900 |
CONTACTS
-
Eric Suffoletto -
Justin Smith -
Danny Griffin -
Bryan Anderson -
Atlantic Capital Partners
