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Brickyard Inc Purchases Fully Leased Mixed-Use Property In Westford For $1.7 Million
SOLD
Massachusetts
See Similar DealsMixed-use11,429 SF
Sold 08/09/2024
SOLD
Brickyard Inc Purchases Fully Leased Mixed-Use Property In Westford For $1.7 Million
487 Groton Road
See Similar DealsMixed-use11,429 SF
Sold 08/09/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$148
Total Square Footage:11,429 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 487 Groton Road in Westford, MA. The buyer, Brickyard Inc., acquired the fully leased flex property for $1.7 million. The property spans approximately 11,429 square feet, resulting in a price per square foot of $149.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Square Footage: 11,429
- Price per Square Foot: $149
- Buyer: Brickyard Inc
- Buyer's Representative: Joel Aho - Aho Properties
- Seller's Representative: Jeffrey White - Aries Commercial Real Estate
This transaction was facilitated by Joel Aho from Aho Properties on behalf of the buyer, Brickyard Inc. Jeffrey White from Aries Commercial Real Estate represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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