Jack Zhang Acquires Retail Property In Shrewsbury, MA For $13.6M
1000 Boston Turnpike
$13,600,000
$83/SF
Building Size
162,254 SF
Asset Type
Retail
Closing
Mar 25, 2024
AI
The retail property located at 1000 Boston Turnpike in Shrewsbury, MA, was successfully sold for $13,600,000. Spanning 162,254 square feet, the property was acquired at a price of $84 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,600,000
- Address: 1000 Boston Turnpike
- Market: Shrewsbury, MA
- Square Footage: 162,254
- Buyer: Jack Zhang
- Seller's Rep: Whitney Gallivan, Joe Wagner, Kevin Benzinger & Nick Herz - Boston Realty Advisors
Whitney Gallivan, Joe Wagner, Kevin Benzinger, and Nick Herz from Boston Realty Advisors represented the seller in this successful retail property transaction, showcasing their expertise in facilitating such substantial deals.
Players
Shrewsbury Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93