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
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Buyer: TTHY Westborough LLC
- Brokers: Benjamin Gatti & Nishan Papazian - Greater Boston Commercial Properties
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
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