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488 Boston Post Road East, ...

SRS Real Estate Partners Brokers $6.9M Mixed-Use Property Sale In Marlborough, MA
SOLDMixed-use

SRS Real Estate Partners Brokers $6.9M Mixed-Use Property Sale In Marlborough, MA

488 Boston Post Road East, Marlborough, Massachusetts 01752, United States

$6,900,000

$152/SF

Building Size

45,235 SF

Asset Type

Mixed-use

Closing

Mar 14, 2022

AI

The mixed-use property located at 488 Boston Post Rd E in Marlborough, MA has been sold. The transaction was facilitated by brokers Danny Griffin, Eric Suffoletto, and Christian Janelle from SRS Real Estate Partners. The sale took place on 03/15/2022.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Sale Price: $6,900,000
  • Square Footage: 45,235
  • Price per Square Foot: $153
  • Address: 488 Boston Post Rd E, Marlborough, MA
  • Market: Marlborough, MA

Danny Griffin, Eric Suffoletto, and Christian Janelle, representing SRS Real Estate Partners, played a key role in the successful transaction. They worked diligently to ensure the sale of this mixed-use property in Marlborough, MA.

Players

Eric Suffoletto

Atlantic Retail

Broker

$95.9M

vol

16 deals

Broker

Marlborough Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93