Brendan Conway Acquires Retail Property In Southborough, MA For $6.29M As Buyer's Rep
SOLD
$6,291,000
Massachusetts
See Similar DealsRetail13,860 SF
Sold 01/25/2024
SOLD
Brendan Conway Acquires Retail Property In Southborough, MA For $6.29M As Buyer's Rep
78 Turnpike Road
See Similar DealsRetail13,860 SF
Sold 01/25/2024
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$453
Total Square Footage:13,860 SF
Transaction Type:Sale
Located at 78 Turnpike Road in Southborough, MA, this retail property was sold for $6,291,000. Spanning 13,860 square feet, the property was sold at a price of $454 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,291,000
- SF: 13,860
- PPSF: $454
- Address: 78 Turnpike Road
- Market: Southborough, MA
- Buyer's Rep: Brendan Conway - Horvath & Tremblay
Brendan Conway of Horvath & Tremblay represented the buyer in this transaction, showcasing skilled negotiation abilities in securing the sale of the retail property in Southborough, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$335,520.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,350.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,822.55
Annual Debt Service$357,870.59
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