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.
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