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9 Otis Street, Westborough,...

David Skinner's Stubblebine Co. Acquires 36,000 SF Industrial Property In Westborough, MA For $5M
SOLDIndustrial

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

John Eysenbach

R.W. Holmes Commercial Real Estate

Broker

$9.5M

vol

5 deals

Broker

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