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
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