University Of Massachusetts Leases Office Space At 50 Washington St. In Westborough MA
50 Washington St Westborough, MA 01581, USA
$25
$25/SF
Building Size
47,978 SF
Asset Type
Office
Closing
Jun 2, 2023
AI
The University of Massachusetts (UMass) President's Office has signed a lease for 47,978 square feet of space at 50 Washington St. in Westborough, MA. The three-story office building, spanning a total of 92,600 square feet, will serve as the new location for UMass. The lease was facilitated by Alison Powers and Bob McGuire from JLL, representing the landlord, Carruth Capital. William Kelleher, IV, James Umphrey, and Philip DeSimone from Kelleher & Sadowsky acted as the tenant's representatives.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 50 Washington Street, Westborough, MA
- Market: Westborough, MA
- Landlord: Carruth Capital
- Tenant: University of Massachusetts
- Landlord's Representative: Alison Powers & Bob McGuire - JLL
- Tenant's Representative: William Kelleher, IV, James Umphrey & Philip DeSimone - Kelleher & Sadowsky
- Asking Rent: $25/ft.
- Square Footage: 47,978
Players
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93