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TTHY Westborough LLC Acquires Mixed-Use Property In Westborough, MA For $6M
SOLD
$6,000,000
Massachusetts
See Similar DealsMixed-use34,500 SF
Sold 12/01/2023
SOLD
TTHY Westborough LLC Acquires Mixed-Use Property In Westborough, MA For $6M
180 Turnpike Road
See Similar DealsMixed-use34,500 SF
Sold 12/01/2023
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$173
Total Square Footage:34,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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