Updated Oct 7, 2026
Monarch Capital Partners And Jeffrey Levine Acquire Mixed-Use Property In Westborough For $10.7M
115 Flanders Road & 117 Flanders Road
$10,700,000
$92/SF
Building Size
115,241 SF
Asset Type
Mixed-use
Closing
Oct 5, 2026
About this deal
AI
A mixed-use property located at 115 Flanders Road & 117 Flanders Road in Westborough, MA, was sold for $10.7 million. The property spans 26.8 acres and consists of 115,241 square feet of flex, R&D, office, and industrial space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,700,000
- Address: 115 Flanders Road & 117 Flanders Road
- Market: Westborough, MA
- Square Footage: 115,241
- Price Per Square Foot: $93
- Buyer: Monarch Capital Partners & Jeffrey Levine
- Broker: Roy Sandeman - CBRE
The acquisition marks Monarch Capital Partners' first deal, executed through a joint venture with Lockspur Real Estate. The funding for the transaction included LP capital from a family office.
On the Map
$10,700,000
$92/SF
Mixed-use
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Players
Flanders 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93