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ACCO Properties, LLC Acquires Office/R&D Building In Burlington, MA From Plover Capital, LLC & Nils Anthony LLC For $8.8M

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SOLD
$8,800,000

Massachusetts

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Office40,000 SF
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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

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Office40,000 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$220
Total Square Footage:40,000 SF
Transaction Type:Sale

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

Marci Alvarado
10 deals$22.2M volume(508) 808-4958
BROKER

Elizabeth Holmes
R.W. Holmes Commercial Real Estate
12 deals$55.3M volume
BROKER

Dean Blackey
R.W. Holmes Commercial Real Estate
11 deals$38.3M volume
BROKER

SELLER

Details

SOLD
IMAGE: Marci Alvarado DATE: 02/15/2022 ADDRESS: 1 Rounder Way MARKET: Burlington, MA ASSET TYPE: Office/R&D BUYER: ACCO Properties, LLC SELLER: Plover Capital, LLC & Nils Anthony LLC BUYER'S REP: Dean Blackey & Elizabeth Holmes - RW Holmes SELLER'S REP: Marci Alvarado - SVN| Parsons Commercial Group (@SVN_pcg_Boston) SALE PRICE: $8,800,000 SF: 40,000 ~ PPSF: $220 NOTE FROM BROKER: -40,000 square-foot office/flex building on approximately three acres sold for $8.8 million -Located on Route 128 in Burlington, MA with 1,100 feet of frontage on the highway

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
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