David Skinner's Stubblebine Co. Acquires 36,000 SF Industrial Property In Westborough, MA For $5M
9 Otis Street, Westborough, Massachusetts, USA
$5,000,000
$138/SF
Building Size
36,000 SF
Asset Type
Industrial
Closing
Aug 20, 2020
AI
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.
Players
Westborough 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93