ACCO Properties, LLC Acquires Office/R&D Building In Burlington, MA From Plover Capital, LLC & Nils Anthony LLC For $8.8M
1 Rounder Way, Burlington, Massachusetts 01803, United States
$8,800,000
$220/SF
Building Size
40,000 SF
Asset Type
Office
Closing
Feb 14, 2022
AI
A 40,000 square-foot office/flex building located on 1 Rounder Way in Burlington, MA has been sold for $8.8 million. The property, situated on approximately three acres, offers 1,100 feet of frontage on Route 128. This transaction involved ACCO Properties, LLC as the buyer and Plover Capital, LLC & Nils Anthony LLC as the seller. The buyer's representatives were Dean Blackey and Elizabeth Holmes from RW Holmes, while Marci Alvarado from SVN| Parsons Commercial Group represented the seller. The sale price of $8.8 million reflects a price per square foot of $220.
Summary of transaction details:
- Property Type: Office/R&D
- Transaction Amount: $8,800,000
- Address: 1 Rounder Way
- Market: Burlington, MA
In this deal, ACCO Properties, LLC acquired the 40,000 square-foot office and R&D building in Burlington, MA. The property is located on Route 128 and boasts 1,100 feet of frontage on the highway. Plover Capital, LLC & Nils Anthony LLC served as the sellers in the transaction. The buyer's representatives, Dean Blackey and Elizabeth Holmes from RW Holmes, facilitated the deal on behalf of ACCO Properties, LLC. Marci Alvarado from SVN| Parsons Commercial Group acted as the representative for the sellers. It is noteworthy that the property was sold for $8.8 million, with a price per square foot of $220.
Players
Burlington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93