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

Property Image
SOLD
$4,800,000
Chris Michniewicz
James Stubblebine
+ 1

Massachusetts

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Industrial40,566 SF
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SOLD

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

97 Turnpike Road, Westborough, MA, USA

See Similar Deals
Industrial40,566 SF
Sold
Chris Michniewicz
James Stubblebine
+ 1
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$118
Total Square Footage:40566 SF
Transaction Type:Sale

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
34 deals$313.6M volume
BROKER

James Stubblebine
The Stubblebine Company
41 deals$246.4M volume
BROKER

David Skinner
Prescott Advisory
10 deals$91M volume
BROKER

Chris Michniewicz
The Stubblebine Company
8 deals$60.1M volume
BROKER

Details

SOLD
IMAGE: David Skinner, David Stubblebine, James Stubblebine, & Chris Michniewicz DATE: 04/26/2021 ADDRESS: 97 Turnpike Road MARKET: Westborough, MA ASSET TYPE: Industrial SELLER: Five K LLC BUYER: Monroe Tractor BROKERS: David Skinner, David Stubblebine, James Stubblebine, & Chris Michniewicz - The Stubblebine Company/CORFAC International SALE PRICE: $4,800,000 SF: 40,566 ~ PPSF: $118 ACRES: 5.87 ~ PPA: $817,717

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$17,053.38
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