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364 Littleton Road

Empire Management Acquires Industrial Building In Westford For $5.1M
SOLDIndustrial

Empire Management Acquires Industrial Building In Westford For $5.1M

364 Littleton Road

$5,100,000

$178/SF

Building Size

28,500 SF

Asset Type

Industrial

Closing

Apr 9, 2024

AI

The property at 364 Littleton Rd, Westford, MA, a 28,500 square foot industrial flex building, was sold for $5.1 million. The asset is fully leased to tenants such as Alpha Graphics and National Roofing Company.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,100,000
  • Buyer: Fred Ohebshalom - Empire Management
  • Broker: Bernard Gibbons - ABG Commercial Realty
  • Market: Westford, MA
  • Square Footage: 28,500
  • Price per Square Foot: $179

Bernard Gibbons, the Senior Vice President of ABG Commercial Realty, played a key role in facilitating the transaction for the industrial asset located at 364 Littleton Rd, Westford, MA. The property was fully occupied with prominent tenants, including Alpha Graphics and National Roofing Company.

Players

Bernard Gibbons

ABG Commercial Realty

Broker

$67M

vol

7 deals

Broker

Westford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93