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Quilling Card Acquires Mixed-Use Property In Holliston, MA For $3.15M

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SOLD
$3,150,000

Massachusetts

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Mixed-use38,000 SF
Sold 04/26/2024
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Property Image
SOLD

Quilling Card Acquires Mixed-Use Property In Holliston, MA For $3.15M

123 Washington Street

See Similar Deals
Mixed-use38,000 SF
Sold 04/26/2024
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$82
Total Square Footage:38,000 SF
Transaction Type:Sale

Located at 123 Washington Street in Holliston, MA, the property consists of a mixed-use 38,000 square foot flex building on 2.5 acres of land. The asset was sold for $3,150,000, at a price per square foot of $83.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,150,000
  • Address: 123 Washington Street
  • Market: Holliston, MA
  • Square Footage: 38,000

Quilling Card acquired the property, intending to occupy a significant portion of the space. Facilitating the sale was Tyler DeWolfe of Greater Boston Commercial Properties. DeWolfe initially secured the property in 2017 for $1.15 million and successfully orchestrated its resale for $3.15 million, demonstrating a notable increase in the property's value within a relatively short timeframe.

Players

Tyler DeWolfe
9 deals$30.7M volume
BROKER

Details

SOLD
IMAGE: Tyler DeWolfe DATE: 04/26/2024 ADDRESS: 123 Washington Street MARKET: Holliston, MA ASSET TYPE: Mixed-use ~ ACRES: 2.5 BUYER: Quilling Card BROKER: Tyler DeWolfe - Greater Boston Commercial Properties SALE PRICE: $3,150,000 SF: 38,000 ~ PPSF: $83 NOTE: Tyler DeWolfe of Greater Boston Commercial Properties, Inc. facilitated the sale of 123 Washington St., a 38,000 square foot flex building on 2.5 acres, to Quilling Card, who intends to occupy a significant portion. DeWolfe, who initially secured the property for $1.15 million in 2017, orchestrated its resale for $3.15 million, showcasing a notable increase in value within a relatively short timeframe.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
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