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Wood Partners Acquires Multifamily Property In Marlborough, MA For $3M

Property Image
SOLD
$3,000,000
Nate Nickerson
Eric O’Brien

Massachusetts

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MultiFamily
Sold 06/27/2023
the dealplayerscompscontact
Property Image
SOLD

Wood Partners Acquires Multifamily Property In Marlborough, MA For $3M

283 Lincoln Street

See Similar Deals
MultiFamily
Sold 06/27/2023
Nate Nickerson
Eric O’Brien
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 283 Lincoln Street in Marlborough, MA has been sold for a total price of $3,000,000. This property consists of 276 units, with an average price per unit of $10,870.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 283 Lincoln Street
  • Market: Marlborough, MA

Wood Partners, represented by Jim Lambert, was the buyer in this transaction. Fieldstone Commercial Properties, Inc., represented by Nate Nickerson, and O'Brien Commercial Properties, represented by Eric O’Brien, were the buyer's representatives.

Players

Nate Nickerson
Fieldstone Commercial Properties
Nate Nickerson
13 deals$27.9M volume
BROKER
Eric O’Brien
O'Brien Commercial Properties
Eric O’Brien
5 deals$10.1M volume(978) 369-5501
BROKER
Wood Partners
Wood Partners
BUYER

Details

SOLD
IMAGE: Nate Nickerson & Eric O’Brien DATE: 06/27/2023 ADDRESS: 283 Lincoln Street MARKET: Marlborough, MA ASSET TYPE: Multifamily BUYER: Wood Partners - Jim Lambert BUYER'S REP: Fieldstone Commercial Properties, Inc. - Nate Nickerson (@Nate_Nickerson_); Eric O’Brien - O'Brien Commercial Properties SALE PRICE: $3,000,000 UNITS: 276 ~ PPU: $10,870

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37