Southborough, MA — July 18, 2016 — SVN® | Parsons Commercial Group | BOSTON, a full service commercial real estate brokerage firm and part of the SVN® brand, is pleased to announce the completion of the sale at 54 Central Street in Southborough, Massachusetts for $489,000. Marilyn Santiago and Garrett Quinn of SVN | Parsons Commercial Group | BOSTON handled the transaction. The seller, Steeple Realty Trust, has owned the building since 1976.
54 Central Street, also known as the E.M. O’Connor Building, is a 2.5 story building with approximately 6,053± square feet on a 0.31± acre lot. The property is currently used as office space. Originally built as a chapel, the building provides gorgeous architectural details and character including a 20’ ceiling.
“When we took this assignment, we saw an opportunity to divide some of the space and lease it to smaller tenants looking to be in the Southborough market. We immediately secured three leases and increased the value of the property and ultimately securing a buyer who was seeking an investment property,” commented Marilyn Santiago.
The building is currently occupied with professional office tenants including Jillson Company Civil Engineering and Land Surveying, Richer Life Journey, Terra Firm Realty and Middlesex Medical Billing Company.
“The building provides companies with a convenient location off Central Street, less than ¼ mile from Route 9 and ½ mile from Route 30, at a lighted intersection. This allows clients and employees the opportunity to easily travel towards Boston or Central MA,” commented Garrett Quinn.
The new owner, Davis Holding Group LLC, has plans to make improvements to the property in order to lease the last remaining spaces available. The space is unique and lends itself to a variety of uses including any office use, or creative type use that would benefit from an open floor plan, conference room and private offices.
The new owner highlighted, “I want the property to remain a signature building in the community with its historical features, yet with the modern amenities needed by commercial space users. The end goal is for 54 Central Street to be the center piece of the Fayville business district and a sought after address for MetroWest businesses”.
SVN® | Parsons Commercial Group | Boston is a commercial real estate firm based in Framingham, Massachusetts. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.