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Walker Development Acquires 43K Sq Ft Flex Building In Southborough For $5.1M
SOLD
$5,100,000
Massachusetts
See Similar DealsMixed-use43,000 SF
Sold 01/03/2024
SOLD
Walker Development Acquires 43K Sq Ft Flex Building In Southborough For $5.1M
337 Turnpike Road
See Similar DealsMixed-use43,000 SF
Sold 01/03/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$118
Total Square Footage:43,000 SF
Transaction Type:Sale
Walker Development has acquired a 43,000-square-foot flex building at 337 Turnpike Road in Southborough, MA. The property was sold by Ben Stevens of Trask Development for a total of $5.1 million.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Address: 337 Turnpike Road, Southborough, MA
- Market: Southborough, MA
- Buyer: Walker Development
- Seller: Ben Stevens - Trask Development
The transaction was facilitated by Matt Cuneo and Victor Galvani of SVN.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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