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Empire Management Acquires Industrial Building In Westford For $5.1M

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SOLD
$5,100,000

Massachusetts

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Industrial28,500 SF
Sold 04/09/2024
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SOLD

Empire Management Acquires Industrial Building In Westford For $5.1M

364 Littleton Road

See Similar Deals
Industrial28,500 SF
Sold 04/09/2024
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:28,500 SF
Transaction Type:Sale

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
7 deals$67M volume
BROKER

Details

SOLD
IMAGE: Bernard Gibbons DATE: 04/09/2024 ADDRESS: 364 Littleton Road MARKET: Westford, MA ASSET TYPE: Industrial BUYER: Fred Ohebshalom - Empire Management BROKER: Bernard Gibbons - ABG Commercial Realty (@ABGCommercial) SALE PRICE: $5,100,000 SF: 28,500 ~ PPSF: $179 NOTE: Bernard Gibbons, Senior Vice President of ABG Commercial Realty, facilitated the $5.1 million sale of 364 Littleton Rd, Westford, MA, a 28,500 square foot industrial flex building fully leased to tenants like Alpha Graphics and National Roofing Company.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22