Updated Oct 31, 2025
G.I.M. Property Management LLC Purchases 14 Condo Units From Acumen Preferred Properties LLC For $2.8M
420 Lakeside Avenue
$2,800,000
$85/SF
Building Size
32,770 SF
Asset Type
Condo
Closing
Oct 24, 2025
About this deal
AI
A condo property located at 420 Lakeside Avenue in Marlborough, MA, was sold for $2,800,000. The sale included 14 of the 15 condo units available in the building, representing 92.6% ownership. The total square footage of the property is 32,770, with a price per square foot of $85.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,800,000
- Buyer: G.I.M. Property Management LLC
- Seller: Acumen Preferred Properties LLC
- Brokers: Jon Gordon - Gordon Real Estate
- Market: Marlborough, MA
Jon Gordon acted as the broker representing Acumen Preferred Properties LLC in the transaction, facilitating the sale between the seller and G.I.M. Property Management LLC for the office property situated at Routes 495 and 20.
Players
Marlborough Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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