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Marcus & Millichap Sells Leominster Plaza Retail Center For $7.2M In Leominster MA
SOLD
$7,200,000
Massachusetts
See Similar DealsRetail20,279 SF
Sold 05/13/2025
SOLD
Marcus & Millichap Sells Leominster Plaza Retail Center For $7.2M In Leominster MA
20 Commercial Road
See Similar DealsRetail20,279 SF
Sold 05/13/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$355
Total Square Footage:20,279 SF
Transaction Type:Sale
20 Commercial Road in Leominster, MA, is a retail property that spans 20,279 square feet on a 2.02-acre lot. The property has been sold for $7,200,000, translating to a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 20 Commercial Road
- Market: Leominster, MA
- Square Footage: 20,279
- Acres: 2.02
- Price Per Square Foot: $355
Adam Cohen and Brett Kilar from Marcus & Millichap represented the transaction, facilitating the sale of Leominster Plaza, a retail center located in Leominster, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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