Institutional Property Advisors Brokers Stop & Shop Supermarket Sale in Central Massachusetts

BELCHERTOWN, Mass., Jan. 6, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of a 56,832-square-foot Stop & Shop supermarket in Belchertown, Massachusetts. The property sold for $14.65 million, which represents $258 per square foot.

“As the only grocer within a 10-mile radius, this Stop & Shop has strong sales, low cost of occupancy and no nearby competition,” said James Koury, senior managing director in IPA’s Boston office. “The triple-net lease has a parent guarantee from Ahold Delhaize USA.” Koury and Marty Cohan, senior managing director investments in Marcus & Millichap’s West Los Angeles office, represented the seller and procured the buyer. Tom Shihadeh is Marcus & Millichap’s broker of record in Massachusetts.

About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com