Longpoint Realty Partners Acquires Industrial Property In Westborough, MA For $15.7M
45 Oak Street, Westborough, Massachusetts 01581, United States
$15,725,000
Building Size
—
Asset Type
Industrial
Closing
May 22, 2022
AI
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.
Westborough 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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93