Updated Oct 29, 2024
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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Deal FAQ
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