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54 Otis Street, Westborough...

Atlantic Management Secures $26M Loan For Industrial Property In Westborough, MA
FINANCEDIndustrial

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

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker
AM
Atlantic ManagementLandlord

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