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.
Westford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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