Ciminelli Real Estate Corp Acquires Industrial Property In Northborough, MA For $3.15M
SOLD
$3,150,000
Massachusetts
See Similar DealsIndustrial26,522 SF
Sold 09/24/2021
SOLD
Ciminelli Real Estate Corp Acquires Industrial Property In Northborough, MA For $3.15M
104 Otis Street, Northborough, Massachusetts, USA
See Similar DealsIndustrial26,522 SF
Sold 09/24/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$118
Total Square Footage:26,522 SF
Transaction Type:Sale
The industrial property located at 104 Otis Street in Northborough, MA has been sold for a price of $3,150,000. The property spans an area of 26,522 square feet, resulting in a price per square foot of $119. This transaction was facilitated by brokers Jon Pezzoni and Brandon Dickason from Avison Young on behalf of the buyer, Ciminelli Real Estate Corp, represented by Christopher Neelon and Ryan Zebro.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $3,150,000
- Address: 104 Otis Street, Northborough, MA
- Market: Northborough, MA
The buyer, Ciminelli Real Estate Corp, is represented by Christopher Neelon and Ryan Zebro. They teamed up with brokers Jon Pezzoni and Brandon Dickason from Avison Young to successfully complete this transaction. The seller in this deal is LT Otis LLC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
Is there something missing? Send suggestions