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FPA Multifamily Acquires Multifamily Asset From Micozzi Management For $25.73M In Worcester

Property Image
SOLD
$25,725,000
Julie Regan
Christopher Sower
+ 3

Massachusetts

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MultiFamily106,644 SF
Sold 10/01/2025
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Property Image
SOLD

FPA Multifamily Acquires Multifamily Asset From Micozzi Management For $25.73M In Worcester

5 Suburban Road

See Similar Deals
MultiFamily106,644 SF
Sold 10/01/2025
Julie Regan
Christopher Sower
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:106,644 SF
Transaction Type:Sale

This multifamily asset, located at 5 Suburban Road in Worcester, MA, encompasses 92 units across a total square footage of 106,644. The property was sold for $25,725,000, resulting in a price per unit of $279,619 and a price per square foot of $241.

Summary of transaction details:

This transaction was facilitated by multiple representatives from Cushman & Wakefield, marking a notable collaboration among experienced brokers in the deal's execution.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Ryan Mowery
Cushman & Wakefield
9 deals$116.5M volume(617) 204-4151
BROKER

An Nguyen
Cushman & Wakefield
9 deals$116.5M volume(951) 427-0985
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Christopher Sower, Bruce Lusa, Mary VanNatta, Julie Regan, An Nguyen & Ryan Mowery DATE: 10/1/2025 ADDRESS: 5 Suburban Road MARKET: Worcester, MA ASSET TYPE: Multifamily BUYER: FPA Multifamily SELLER: Micozzi Management SELLER'S REP: Christopher Sower (@CSower1), Bruce Lusa, Mary VanNatta, Julie Regan, Ryan Mowery & An Nguyen - Cushman & Wakefield (@CushWake) SALE PRICE: $25,725,000 UNITS: 92 ~ PPU: $279,619 SF: 106,644 ~ PPSF: $241

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,372,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$91,395.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$121,949.62
Annual Debt Service$1,463,395.49