Southborough office building sold for $1M

An 8,000-square-foot office building in Southborough has been sold to a property management firm for $1 million.

The property, 40 Southville Road, is leased by Sharp Cleaning Corp. Kleinfelder, GTT Mid-Atlantic and Rove Pest Control, according to brokers Greater Boston Commercial Properties. 

The buyer, Mass Venture Properties Group, LLC, is based in Framingham. Brian Li is listed as the entity’s principal, according to the Massachusetts Secretary of State’s office.

The seller was Capital Group Properties, a Southborough-based real estate firm that owns dozens of retail, commercial and residential properties in Central Massachusetts. 

Li intends to hold the property for income, said Shannon Boyle of Greater Boston Commercial Properties.