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:
- 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.
Players
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