Rob McGarry Of O'Brien Commercial Properties Leases 2500 Square Feet Office Space In Westford
238 Littleton Road
Building Size
2,500 SF
Asset Type
Office
Closing
Sep 6, 2024
AI
The property asset involved in the transaction is an office space located at 238 Littleton Road, Westford, MA. The total square footage of the space is 2,500. This lease transaction signifies a commitment to utilizing this office area in the local market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 238 Littleton Road
- Market: Westford, MA
- Asset Size: 2,500 SF
- Brokers: Brandon Meek & Rob McGarry - O'Brien Commercial Properties
Rob McGarry of O’Brien Commercial Properties facilitated the lease of the office space while Brandon Meek, also of O’Brien Commercial Properties, represented the tenant in the transaction. This collaboration highlights the involvement of both brokers from the same agency in securing this deal.
Players
Westford 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