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Greater Boston Commercial Properties Sells Retail Building At 291 Turnpike Road For $3.95M
SOLD
$3,950,000
Massachusetts
See Similar DealsRetail11,038 SF
Sold 03/28/2025
SOLD
Greater Boston Commercial Properties Sells Retail Building At 291 Turnpike Road For $3.95M
291 Turnpike Road
See Similar DealsRetail11,038 SF
Sold 03/28/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$357
Total Square Footage:11,038 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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