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78 Turnpike Road

Brendan Conway Acquires Retail Property In Southborough, MA For $6.29M As Buyer's Rep
SOLDRetail

Brendan Conway Acquires Retail Property In Southborough, MA For $6.29M As Buyer's Rep

78 Turnpike Road

$6,291,000

$453/SF

Building Size

13,860 SF

Asset Type

Retail

Closing

Jan 25, 2024

AI

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:

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.

Players

Brendan Conway

Horvath & Tremblay

Broker

$34.7M

vol

6 deals

Broker

Southborough Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93