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235 Old Connecticut Path, F...

RK Centers Acquires Retail Property In Framingham, MA For $23M
SOLDRetail

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

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.

Players

Geoffrey Millerd

Newmark

Broker

$825M

vol

14 deals

Broker
RK Centers
RK CentersBrokerage
RK Centers
RK CentersBuyer
Regency Centers
Regency CentersSeller

Framingham 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93