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
Framingham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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