RK Centers Acquires Retail Property In Marlborough For $8.65M
235 Boston Post Road, Marlborough, MA, USA
$8,650,000
$149/SF
Building Size
57,970 SF
Asset Type
Retail
Closing
Jun 25, 2020
AI
The property located at 225-235 Boston Post Rd. in Marlborough has been sold in a retail transaction. The sale took place on 06/26/2020. The property, known as RK Center II, spans a total area of 57,970 square feet and is valued at $8,650,000. The price per square foot for this transaction is $149.21.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $8,650,000
- Square Footage: 57,970
- Price Per Square Foot: $149.21
The buyer of this property is RK Centers, represented by David Katz of the RK Centers agency. The newly acquired RK Center II currently houses various businesses including Chipotle Mexican Grill, Great Clips, Mattress Firm, Subway, and Sullivan Tire.
Players
Sudbury 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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93