Lincoln Property Co Acquires 12.29 Acres Of Land In Marlborough, MA For $2.8M
SOLD
$2,800,000
Massachusetts
See Similar Deals60,600 SF
Sold 07/14/2020
SOLD
Lincoln Property Co Acquires 12.29 Acres Of Land In Marlborough, MA For $2.8M
1000 Nickerson Road, Marlborough, Massachusetts, USA
See Similar Deals60,600 SF
Sold 07/14/2020
Summary
MASSACHUSETTS
Price Per Square Foot:$46
Total Square Footage:60,600 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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