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161 Milk Street

Joel Aho Of Aho Properties Facilitates Purchase Of Land In Westborough For $4.2 Million
SOLDLand

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

Joel Aho

Aho Properties

Broker

$42.4M

vol

17 deals

Broker

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