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VTT 46-56 Cedar Street LLC Sells Retail Plaza In Southborough For $1.65 Million With Representation From Garrett Quinn And Joel Aho

Property Image
SOLD
$1,650,000
Garrett Quinn
Joel Aho

Massachusetts

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Retail15,600 SF
Sold 08/12/2024
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Property Image
SOLD

VTT 46-56 Cedar Street LLC Sells Retail Plaza In Southborough For $1.65 Million With Representation From Garrett Quinn And Joel Aho

3 Turnpike Road & 11 Turnpike Road

See Similar Deals
Retail15,600 SF
Sold 08/12/2024
Garrett Quinn
Joel Aho
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:15,600 SF
Transaction Type:Sale

A 7,800-square-foot retail plaza located at 3-11 Turnpike Road in Southborough, MA was sold for $1,650,000. The asset features a 95% occupancy rate with six tenants, making it a favorable investment opportunity. The sale was facilitated on Route 9.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,650,000
  • Square Footage: 7,800
  • Price Per Square Foot: $212
  • Seller: VTT 46-56 Cedar Street LLC
  • Buyer's Representative: Joel Aho - Aho Properties
  • Seller's Representative: Garrett Quinn - SVN | Parsons Commercial Group | Boston

SVN | Parsons Commercial Group | Boston successfully brokered the sale, showcasing the high occupancy level of the plaza as a strong indicator of its investment potential. The transaction highlights the role of the representatives in navigating the deal for both the seller and the buyer.

Players

Joel Aho
Aho Properties
Joel Aho
17 deals$42.4M volume(508) 868-0216
BROKER
Garrett Quinn
NAI Global
Garrett Quinn
6 deals$8.3M volume
BROKER

Details

SOLD
IMAGE: Joel Aho & Garrett Quinn DATE: 08/12/2024 ADDRESS: 3 Turnpike Road & 11 Turnpike Road MARKET: Southborough, MA ASSET TYPE: Retail SELLER: VTT 46-56 Cedar Street LLC BUYER'S REP: Joel Aho - Aho Properties SELLER'S REP: Garrett Quinn - SVN | Parsons Commercial Group | Boston (@SVN_PCG_Boston) SALE PRICE: $1,650,000 SF: 7,800 ~ PPSF: $212 NOTE: SVN | Parsons Commercial Group | Boston brokered the $1.65 million sale of a 7,800-square-foot retail plaza at 3-11 Turnpike Rd. in Southborough, MA. The plaza, located on Route 9, has a 95% occupancy rate with six tenants, making it a strong investment for the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10