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:
- 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.
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