Block Engineering Leases 17,276 Square Feet Office Space At 132 Turnpike Road Southborough
132 Turnpike Road
Building Size
17,276 SF
Asset Type
Office
Closing
Jan 24, 2025
AI
The asset involved in this transaction is an office space totaling 17,276 square feet located at 132 Turnpike Road in Southborough, MA. It is part of the Southborough market and is owned by Capital Group Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 132 Turnpike Road
- Market: Southborough, MA
- Landlord: William Depietri - Capital Group Properties
- Tenant: Daniel Cavicchio - Block Engineering
- Landlord's Representative: Jim Vazza - Capital Group Properties
- Tenant's Representative: Jim Bartholomew - R.W. Holmes Commercial Real Estate
This lease transaction involved R.W. Holmes facilitating the deal for Block Engineering at the specified office space, with Jim Bartholomew acting as the representative for the tenant, ensuring the interests of Block Engineering were addressed in the leasing process.
Players
Southborough Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93