Monroe Tractor Acquires Industrial Asset In Westborough, MA For $4.8M
97 Turnpike Road, Westborough, MA, USA
$4,800,000
$118/SF
Building Size
40,566 SF
Asset Type
Industrial
Closing
Apr 25, 2021
AI
A 40,566 square feet industrial property located at 97 Turnpike Road in Westborough, MA has been sold for a price of $4,800,000. The property is situated on 5.87 acres of land. The sale price translates to a price per square foot of $118 and a price per acre of $817,717. The transaction took place on April 26, 2021.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Address: 97 Turnpike Road, Westborough, MA
- Market: Westborough, MA
- Square Footage: 40,566 sq ft
- Price per Square Foot: $118
- Acreage: 5.87 acres
- Price per Acre: $817,717
The seller of the property was Five K LLC, while the buyer was Monroe Tractor. The sale transaction was facilitated by David Skinner, David Stubblebine, James Stubblebine, and Chris Michniewicz, who are representatives from The Stubblebine Company/CORFAC International.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93