Site of newly constructed Starbucks in Ashland sells for $3M
Photo | Courtesy of Google Maps
399 Union St. in Ashland
The site of a newly-constructed Starbucks in Ashland has sold for $3 million to a Framingham-based real estate firm.
The property, a 1.27-acre site located at 399 Union St., was sold on Nov. 7 by Dedham-based Retail Ashland LLC, according to Middlesex South Registry of Deeds records.
Retail Ashland is managed by GJS Management, the property management wing of Dedham-based Salvatore Capital Partners, according to Secretary of the Commonwealth record and Salvatore Capital’s website.
The property was purchased by Dosti Realty LLC, a Framingham-based firm managed by Kalpesh, Yashmi, and Manisha Patel.
The Starbucks at the site opened in July following its construction, with the Seattle-based firm committing to a 10-year lease at the site with an initial annual rent of $175,000, featuring four five-year renewal options, according to a property brochure for the site produced by Boston-based real estate firm Atlantic Capital Partners.
Prior to the construction of the Starbucks, 399 Union St. was the site of a Rite Aid pharmacy which was later converted into a Walgreens, according to archived Google Street View images.
The property has been given a tax assessment value of $1.85 million for 2025, according to Town of Ashland property records.
Danny Griffin, Matt Austin, and Eric Suffoletto of Atlantic Capital Partners served as the listing brokers for this transaction.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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