Marcus & Millichap Brokers Sell Retail Property In Framingham, MA For $2.4M
SOLD
$2,400,000
Massachusetts
See Similar DealsRetail8,736 SF
Sold 09/30/2022
SOLD
Marcus & Millichap Brokers Sell Retail Property In Framingham, MA For $2.4M
235 Worcester Road, Framingham, Massachusetts 01701, United States
See Similar DealsRetail8,736 SF
Sold 09/30/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:8,736 SF
Transaction Type:Sale
Located at 235 Worcester Road in Framingham, MA, this retail property recently changed hands in a sale transaction. The property spans 8,736 square feet and was sold for a total price of $2,400,000, resulting in a price per square foot of $275. The transaction took place on 09/30/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $2,400,000
- Square Footage: 8,736
- Price Per Square Foot: $275
- Address: 235 Worcester Road, Framingham, MA
- Market: Framingham, MA
The sale was facilitated by Laurie Ann Drinkwater, Seth Richard, and John Craig of Marcus & Millichap. They represented the parties involved in the transaction, helping to facilitate a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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