SOLDMixed-use
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
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.
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