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20 Commercial Road

Marcus & Millichap Sells Leominster Plaza Retail Center For $7.2M In Leominster MA
SOLDRetail

Marcus & Millichap Sells Leominster Plaza Retail Center For $7.2M In Leominster MA

20 Commercial Road

$7,200,000

$355/SF

Building Size

20,279 SF

Asset Type

Retail

Closing

May 13, 2025

AI

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.

Players

Adam Cohen

Marcus & Millichap

Broker

$47.1M

vol

10 deals

Broker

Leominster 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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93