Longpoint Realty Partners Acquires Industrial Property In Westborough, MA For $15.7M
SOLD
$15,725,000
Massachusetts
See Similar DealsIndustrial
Sold 05/23/2022
SOLD
Longpoint Realty Partners Acquires Industrial Property In Westborough, MA For $15.7M
45 Oak Street, Westborough, Massachusetts 01581, United States
See Similar DealsIndustrial
Sold 05/23/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
Located in Westborough, MA, this recently closed industrial property transaction involved two adjacent properties at 45 Oak St and 25 Bridle Lane. The deal was finalized on May 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,725,000
The buyer in this transaction was Longpoint Realty Partners, represented by Daniel Frank. Longpoint Realty Partners is a reputable real estate agency known for its expertise in commercial properties. Daniel Frank served as their representative in this deal.
The sale price for the properties amounted to $15,725,000. The transaction showcases the thriving industrial market in Westborough, MA, and underscores the value of these properties in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$838,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,867.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,544.52
Annual Debt Service$894,534.27
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