Updated Oct 28, 2024
Jumbo Capital Acquires Office Building In Westford, MA For $12.7M
10 Lyberty Way, Westford, MA 01886, USA
$12,700,000
$98/SF
Building Size
129,000 SF
Asset Type
Office
Closing
Sep 15, 2021
About this deal
AI
Located in Westford, MA, the office property at 10 Lyberty Way has been sold in a recent transaction for $12,700,000. Covering an area of 129,000 square feet, the sale price equates to a per square foot value of $98. The property was acquired by Jumbo Capital, represented by Tom Powers, while the seller in the deal was Puma North America.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,700,000
- Square Footage: 129,000
- Price Per Square Foot: $98
- Buyer: Jumbo Capital - Tom Powers
- Seller: Puma North America
This sale marks an important milestone for Jumbo Capital, represented by Tom Powers, as they expand their portfolio with the acquisition of the office property at 10 Lyberty Way. On the other side of the deal, Puma North America has decided to part ways with the property. This transaction signifies a strategic move for both parties involved, with Jumbo Capital seizing the opportunity to invest in prime office real estate in Westford, MA.
Players
Westford 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93