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Sunworld Management Company Ltd. Acquires Mixed-Use Property In Marlborough For $15.1M

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SOLD
$15,057,768

Massachusetts

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Mixed-use238,445 SF
Sold 06/05/2023
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Property Image
SOLD

Sunworld Management Company Ltd. Acquires Mixed-Use Property In Marlborough For $15.1M

280 Locke Drive

See Similar Deals
Mixed-use238,445 SF
Sold 06/05/2023
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$63
Total Square Footage:238,445 SF
Transaction Type:Sale

The mixed-use property located at 280 Locke Drive in Marlborough, MA has been sold in a recent transaction. The property spans over 238,445 square feet and was sold for a total price of $15,057,768, resulting in a price per square foot of $63. The transaction took place on 06/05/2023.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $15,057,768
  • Address: 280 Locke Drive, Marlborough, MA
  • Market: Marlborough, MA
  • Buyer: Sunworld Management Company Ltd.
  • Seller: Discoverland Investment Corp.
  • Seller's Representative: Michael Welsh - Dalton & Finegold

Michael Welsh of Dalton & Finegold represented the seller, Discoverland Investment Corp., during the transaction. Welsh acted as the seller's counsel and is currently seeking a Replacement Property for a 1031 exchange. If you have any multifamily investment opportunities in the Greater Boston area, you can contact @bostonrealestateattorney.

Players

2 deals$22.7M volume
BROKER

Details

SOLD
IMAGE: Michael Welsh DATE: 06/05/2023 ADDRESS: 280 Locke Drive MARKET: Marlborough, MA ASSET TYPE: Mixed-Use BUYER: Sunworld Management Company Ltd. SELLER: Discoverland Investment Corp. SELLER'S REP: Michael Welsh (@BostonRealEstateAttorney) - Dalton & Finegold (@Dalton_Finegold) SALE PRICE: $15,057,768 SF: 238,445 ~ PPSF: $63 NOTE FROM BROKER: Michael Welsh of @Dalton_Finegold acted as the seller's counsel and is seeking a Replacement Property for the seller's 1031 transaction. Contact @bostonrealestateattorney with any multifamily investment opportunities in the Greater Boston area.

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Debt Service Coverage Ratio (DSCR)

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