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235 Worcester Road, Framing...

Marcus & Millichap Brokers Sell Retail Property In Framingham, MA For $2.4M
SOLDRetail

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

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

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