Updated Dec 4, 2024
Walker Development Acquires 43K Sq Ft Flex Building In Southborough For $5.1M
337 Turnpike Road
$5,100,000
$118/SF
Building Size
43,000 SF
Asset Type
Mixed-use
Closing
Jan 3, 2024
About this deal
AI
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.
The mixed use sale at 337 Turnpike Road in Southborough, Massachusetts sold for $5.1M in 2024. The building is 43,000 square feet, implying about 118 per square foot on the published price. Matthew (Matt) Cuneo, Victor Galvani, SVN appear on the sale alongside SVN. This page is the Southborough, Massachusetts file for the 337 Turnpike Road mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Southborough sit in the Market section below. Filter that Southborough mixed use set by closing date to see what else sold near 337 Turnpike Road around 2024. Published consideration for 337 Turnpike Road is $5.1M, dated 2024. Cite this Walker Development Acquires 43K Sq Ft Flex Building In Southborough For $5.1M sale when underwriting similar mixed use product around Southborough, Massachusetts.
Players
Southborough 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93