Lincoln Property Co Acquires 12.29 Acres Of Land In Marlborough, MA For $2.8M
1000 Nickerson Road, Marlborough, Massachusetts, USA
$2,800,000
$46/SF
Building Size
60,600 SF
Asset Type
—
Closing
Jul 14, 2020
AI
The land located at 1000 Nickerson Road in Marlborough, MA was recently sold in a transaction. The seller, DBK Realty LLC, sold the property to the buyer, Lincoln Property Co, represented by Scott Faber.
Summary of transaction details:
- Property Type: Land
- Sale Price: $2,800,000
- Acres: 12.29
The transaction was facilitated by brokers Jon Pezzoni and Brandon Dickason from Avison Young. They played a crucial role in connecting the seller and the buyer, helping to negotiate and finalize the deal.
Players
Marlborough CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93