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291 Turnpike Road

Greater Boston Commercial Properties Sells Retail Building At 291 Turnpike Road For $3.95M
SOLDRetail

Greater Boston Commercial Properties Sells Retail Building At 291 Turnpike Road For $3.95M

291 Turnpike Road

$3,950,000

$357/SF

Building Size

11,038 SF

Asset Type

Retail

Closing

Mar 28, 2025

AI

A retail asset located at 291 Turnpike Road in Westborough, MA, has been sold for $3,950,000. The building encompasses 11,038 square feet, translating to a price per square foot of $358, with a cap rate of 7.27%.

Summary of transaction details:

This transaction was facilitated by brokers Benjamin Gatti and Bret O’Brien, representing Greater Boston Commercial Properties in the deal.

Players

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker

Westborough 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93