Updated Dec 4, 2024
RK Centers Acquires Retail Property In Framingham, MA For $23M
235 Old Connecticut Path, Framingham, MA, USA
$23,000,000
$287/SF
Building Size
80,000 SF
Asset Type
Retail
Closing
Dec 9, 2020
About this deal
AI
Located at 235 Old Connecticut Path in Framingham, Massachusetts, this retail property recently changed hands in a sale transaction. The property, spanning 80,000 square feet, was sold by Regency Centers to RK Centers. The sale was facilitated by Geoffrey Millerd of Newmark.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $23,000,000
- Price per Square Foot: $288
- Date: 12/10/2020
Geoffrey Millerd of Newmark represented the buyer, RK Centers, in this transaction. Although no additional information is available, the sale price of $23,000,000 and the price per square foot of $288 offer insights into the value of this retail property.
On the Map
$23,000,000
$287/SF
Retail
View full map
Players
Framingham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Geoffrey Millerd to view all their deals.
Browse Massachusetts retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93