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97 Turnpike Road, Westborou...

Monroe Tractor Acquires Industrial Asset In Westborough, MA For $4.8M
SOLDIndustrial

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

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93