Joel Aho Of Aho Properties Facilitates Purchase Of Land In Westborough For $4.2 Million
161 Milk Street & 220 Turnpike Road
$4,200,000
$105/SF
Building Size
40,000 SF
Asset Type
Land
Closing
Oct 25, 2024
AI
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.
Players
Westborough Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93