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132 Turnpike Road

Block Engineering Leases 17,276 Square Feet Office Space At 132 Turnpike Road Southborough
LEASEDOffice

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:

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

Jim Bartholomew

R.W. Holmes Commercial Real Estate

Broker

$10.3M

vol

7 deals

Broker

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