Updated Oct 10, 2026
SOLDCommercial
Griffin Rolander Acquires Commercial Property From Karim Jouki For $16 Million In Worcester MA
85 Prescott Street
$16,000,000
$168/SF
Building Size
94,804 SF
Asset Type
Commercial
Closing
Sep 24, 2026
About this deal
AI
The property asset involved in the transaction is located at 85 Prescott Street in Worcester, MA. This commercial asset has a total square footage of 94,804 and was sold for $16,000,000, leading to a price per square foot of $168.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $16,000,000
- Buyer: Griffin Rolander
- Seller: Karim Jouki
- Brokers: Ronnie Papa & John Willette - Smith & Oak Real Estate CO
Key individuals involved in this transaction are Griffin Rolander as the buyer and Karim Jouki as the seller. The brokerage firms represented in this deal are Ronnie Papa and John Willette from Smith & Oak Real Estate CO, acting as the brokers for the transaction.
On the Map
$16,000,000
$168/SF
Commercial
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Players
Worcester Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93