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180 Turnpike Road

TTHY Westborough LLC Acquires Mixed-Use Property In Westborough, MA For $6M
SOLDMixed-use

TTHY Westborough LLC Acquires Mixed-Use Property In Westborough, MA For $6M

180 Turnpike Road

$6,000,000

$173/SF

Building Size

34,500 SF

Asset Type

Mixed-use

Closing

Dec 1, 2023

AI

A 34,500-square-foot standalone flex building located at 180 Turnpike Rd. in Westborough, MA has been sold for $6 million. The property is a mixed-use asset situated on Rte. 9, with a price per square foot of $174.

Summary of transaction details

Greater Boston Commercial Properties, Inc. represented the seller in the transaction. Nishan Papazian and Benjamin Gatti from the same agency served as the brokers for this deal.

Note: Greater Boston Commercial Properties, Inc. facilitated the $6 million sale of the flex building on Rte. 9.

Players

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker

Westborough 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93