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:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Square Footage: 11,038
- Price per Square Foot: $358
- Cap Rate: 7.27%
- Address: 291 Turnpike Road
- Market: Westborough, MA
- Brokers: Benjamin Gatti & Bret O’Brien - Greater Boston Commercial Properties
This transaction was facilitated by brokers Benjamin Gatti and Bret O’Brien, representing Greater Boston Commercial Properties in the deal.
Players
Westborough 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93