David Skinner's Stubblebine Co. Acquires 36,000 SF Industrial Property In Westborough, MA For $5M
SOLD
$5,000,000
Massachusetts
See Similar DealsIndustrial36,000 SF
Sold
SOLD
David Skinner's Stubblebine Co. Acquires 36,000 SF Industrial Property In Westborough, MA For $5M
9 Otis Street, Westborough, Massachusetts, USA
See Similar DealsIndustrial36,000 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:36000 SF
Transaction Type:Sale
Located in Westborough, MA, the industrial property at 9 Otis Street has been sold for a total price of $5,000,000. The transaction took place on August 20, 2021. Spanning across 36,000 square feet, the property is situated on 26 acres. The sale price per square foot is estimated to be $139, while the price per acre is approximately $192,308.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Square Footage: 36,000
- Address: 9 Otis Street, Westborough, MA
- Market: Westborough, MA
- Price per Square Foot: $139
- Acres: 26
- Price per Acre: $192,308
Representing the seller in this transaction was John Eysenbach from R.W. Holmes. On the buyer's side, David Skinner from The Stubblebine Co./CORFAC International served as the representative. Their involvement played a crucial role in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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