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400 Cedar Hill Street

Updated Oct 29, 2024

Aho Properties LLC Sells Industrial Land In Northborough, MA For $1.55M
SOLDIndustrial

Aho Properties LLC Sells Industrial Land In Northborough, MA For $1.55M

400 Cedar Hill Street

$1,550,000

$1/SF

Building Size

2,800,910 SF

Asset Type

Industrial

Closing

Sep 3, 2020

About this deal

AI

The industrial land located at 400 Cedar Hill Street in Northborough, MA has been sold. The transaction took place on September 4, 2020. The property, owned by ACZ Cedar Hill LLC, was sold for a price of $1,550,000. The land spans over an area of 280,091 square feet, resulting in a price per square foot of $5.53. Aho Properties LLC acted as the broker for the sale.

Summary of transaction details

  • Property Type: Industrial Land
  • Transaction Amount: $1,550,000
  • Location: 400 Cedar Hill Street, Northborough, MA
  • Market: Northborough, MA
  • Size: 280,091 square feet
  • Price per Square Foot: $5.53

In this deal, Aho Properties LLC represented the seller, ACZ Cedar Hill LLC. The sale of the industrial land at 400 Cedar Hill Street marks a significant transaction in the Northborough, MA market.

Players

Cedartown Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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