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10 Lyberty Way, Westford, M...

Updated Oct 28, 2024

Jumbo Capital Acquires Office Building In Westford, MA For $12.7M
SOLDOffice

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

Tom Powers

Jumbo Capital

Buyer

$43M

vol

2 deals

Buyer

Westford Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $98 per square foot on a published $12.7M for 129,000 square feet (2021).

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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

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