Fred Starikov Acquires 46,839 SF Office Building In Foxborough, MA For $6M | 225 Foxborough Boulevard | James Keefe, Andrew O'Brien | Office | Sale

Summary

Sale

MASSACHUSETTS

Office

46,839 sqft

225 Foxborough Boulevard, an office property located in Foxborough, MA, was recently sold for $6 million. The multi-tenant investment property spans 46,839 square feet and was 78.5% leased at the time of the transaction. Situated on 9.7 acres near I-95 and I-495, the property attracted interest despite the decreased demand for office real estate in the post-COVID market. The buyer, Fred Starikov, purchased the property for a price of $128 per square foot.

Summary of transaction details

Property Type: Office
Transaction Amount: $6,000,000
Square Footage: 46,839 sq ft
Address: 225 Foxborough Boulevard, Foxborough, MA
Market: Foxborough, MA

Representing the seller in the transaction were Bret O'Brien and James Keefe of Greater Boston Commercial Properties. Their firm also facilitated the procurement of the buyer, Fred Starikov. Greater Boston Commercial Properties acted as the sole broker of record for this deal.

Players

All
4

Agents
2
Agencies
2

James Keefe

Greater Boston Commercial Properties-image

Vice President

$24.5M Sold

Andrew O'Brien

Executive Managing Director

$54.2M Sold

JLL

Greater Boston Commercial Properties

Details

Deal Summary

SOLD

IMAGE: Bret O'Brien & James Keefe DATE: 07/28/2023 ADDRESS: 225 Foxborough Boulevard MARKET: Foxborough, MA ASSET TYPE: Office BUYER: Fred Starikov SELLER'S REP: Bret O'Brien & James Keefe (@KeefeCRE) - Greater Boston Commercial Properties SALE PRICE: $6,000,000 SF: 46,839 ~ PPSF: $128 NOTE FROM SELLER'S REP: James Keefe and Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the seller in the $6 million sale of 225 Foxborough Blvd., a 46,839 s/f multi-tenant investment property. Greater Boston Commercial Properties also procured the buyer, who paid $128 per s/f. Although the office has become the least sought-after real estate investment in the post-COVID market, Greater Boston Commercial Properties obtained a strong price for the 78.5% leased property. Situated near I-95 and I-495 on 9.7 acres, the property was home to nine companies at the time of sale. Greater Boston Commercial Properties was the sole broker of record in this transaction.

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Address225 Foxborough Boulevard

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