Marcus & Millichap Brokers Sell Retail Property In Framingham, MA For $2.4M
235 Worcester Road, Framingham, Massachusetts 01701, United States
$2,400,000
$274/SF
Building Size
8,736 SF
Asset Type
Retail
Closing
Sep 29, 2022
AI
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.
Players
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93