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123 Washington Street

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

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

123 Washington Street

$3,150,000

$82/SF

Building Size

38,000 SF

Asset Type

Mixed-use

Closing

Apr 26, 2024

AI

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

Greater Boston Commercial Properties

Broker

$30.7M

vol

9 deals

Broker

Holliston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93