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Atlantic Capital Partners Brokers $32.6 Million Sale Of Retail Property In Framingham Massachusetts

Property Image
SOLD
$32,600,000
Sam Koonce
Chris Peterson
Justin Smith
+ 2

Massachusetts

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Retail125,000 SF
Sold 09/24/2025
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Property Image
SOLD

Atlantic Capital Partners Brokers $32.6 Million Sale Of Retail Property In Framingham Massachusetts

350 Cochituate Road

See Similar Deals
Retail125,000 SF
Sold 09/24/2025
Sam Koonce
Chris Peterson
Justin Smith
+ 2
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$260
Total Square Footage:125,000 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 350 Cochituate Road in Framingham, MA. It holds a sale price of $32,600,000, covering an area of 125,000 square feet. The property is situated on a 9.53-acre ground lease and is home to a Lowe’s store, which is positioned in New England's largest suburban retail corridor.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $32,600,000
  • Square Footage: 125,000
  • Address: 350 Cochituate Road
  • Market: Framingham, MA
  • PPSF: $261

This transaction was brokered by Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, and Matt Ericson from Atlantic Retail. The deal highlights the investor demand for large-format retail spaces within strong suburban markets, supported by the long-term NNN lease which offers stable cash flow.

Players

Justin Smith
Atlantic Retail
Justin Smith
29 deals$541.7M volume
BROKER
Chris Peterson
Atlantic Retail
Chris Peterson
29 deals$462.7M volume
BROKER
Sam Koonce
Atlantic Retail
Sam Koonce
27 deals$447M volume
BROKER
Matt Ericson
Atlantic Retail
Matt Ericson
10 deals$152.7M volume(978) 494-2164
BROKER
Danielle Turpin
Atlantic Retail
Danielle Turpin
13 deals$209.6M volume(201) 322-4718
BROKER
Atlantic Retail
Atlantic Retail
BROKERAGE

Details

SOLD
IMAGE: Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin & Matt Ericson DATE: 09/24/2025 ADDRESS: 350 Cochituate Road MARKET: Framingham, MA ASSET TYPE: Retail BROKERS: Justin Smith, Chris Peterson, Sam Koonce (@Koonce1026), Danielle Turpin & Matt Ericson - Atlantic Retail (@Atlantic_Retail) SALE PRICE: $32,600,000 SF: 125,000 ~ PPSF: $261 NOTE: Atlantic Capital Partners brokered the $32.6 million sale of a 9.53-acre ground-leased Lowe’s in Framingham, underscoring investor demand for large-format retail and strong suburban markets. The long-term NNN lease provides stable cash flow, with the site benefiting from its position in New England’s largest suburban retail corridor.

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

$1,738,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,820.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,540.63
Annual Debt Service$1,854,487.58