Atlantic Management Secures $26M Loan For Industrial Property In Westborough, MA
54 Otis Street, Westborough, Massachusetts 01581, United States
$26,000,000
$260/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Aug 10, 2022
AI
Located at 54 Otis Street in Westborough, MA, this industrial property spans approximately 100,000 square feet. The transaction took place on 08/11/2022, involving a loan amount of $26,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 54 Otis Street, Westborough, MA
- Market: Westborough, MA
- Landlord: Atlantic Management
The brokers involved in the deal were Robert Griffin, David Douvadjian Sr, Timothy O'Donnell, Brian Butler, David Douvadjian Jr, and Conor Reenstierna from Newmark.
These individuals played a key role in facilitating the transaction, representing the parties involved in the deal.
Players
Westborough Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93