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Joel Aho Of Aho Properties Facilitates Purchase Of Land In Westborough For $4.2 Million
SOLD
$4,200,000
Massachusetts
See Similar DealsLand40,000 SF
Sold 10/25/2024
SOLD
Joel Aho Of Aho Properties Facilitates Purchase Of Land In Westborough For $4.2 Million
161 Milk Street & 220 Turnpike Road
See Similar DealsLand40,000 SF
Sold 10/25/2024
Summary
MASSACHUSETTS
Asset Type:Land
Price Per Square Foot:$105
Total Square Footage:40,000 SF
Transaction Type:Sale
The transaction involved the sale of two parcels of land located at 161 Milk Street and 220 Turnpike Road in Westborough, MA. The total sale price for the properties was $4,200,000, which encompasses an existing structure with a total square footage of 20,000. The land area totals 9.63 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,200,000
- Square Footage: 20,000
- Address: 161 Milk Street & 220 Turnpike Road
- Market: Westborough, MA
- Price per Square Foot: $210
Joel Aho, president of Aho Properties, LLC, was instrumental in facilitating this transaction as the broker representing the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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