Southborough, MA – August 7, 2024 – SVN | Parsons Commercial Group | Boston has completed the sale of a 7,800-square-foot multi-tenant retail plaza at 3-11 Turnpike Road in Southborough, Massachusetts to 3-11 Turnpike LLC for $1.65 million.
Garrett Quinn, Director – Brokerage, and Marilyn Santiago, Assistant Director – Brokerage, at SVN | Parsons Commercial Group | Boston, represented the Seller, VTT 46-56 Cedar Street LLC, in this transaction. Joel Aho of Aho Properties represented the Buyer, 3-11 Turnpike LLC.
3-11 Turnpike Road is a 7,800 square foot retail center located on the westbound side of Route 9. The retail plaza boasts a high occupancy rate of 95%, with six tenants including Bill’s Liquors, All In Stone Inc., Braza Pizzeria & Wings, Alice Body Works, Natalia & Andre Aesthetics, and Veronica I. Photography.
“We are thrilled to have facilitated this sale. The high occupancy rate and strategic location of this retail shopping center make it an excellent investment for the buyer in the Metrowest/Route 9 corridor,” Santiago said.
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.parsonscre.com.
###