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487 Groton Road

Brickyard Inc Purchases Fully Leased Mixed-Use Property In Westford For $1.7 Million
SOLDMixed-use

Brickyard Inc Purchases Fully Leased Mixed-Use Property In Westford For $1.7 Million

487 Groton Road

$1,700,000

$148/SF

Building Size

11,429 SF

Asset Type

Mixed-use

Closing

Aug 9, 2024

AI

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:

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.

Players

Joel Aho

Aho Properties

Broker

$42.4M

vol

17 deals

Broker

Westford 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93