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Miraan, LLC Acquires Office Building In Northborough, MA For $2.15M

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SOLD
$2,150,000

Massachusetts

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Office21,000 SF
Sold 01/07/2022
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Property Image
SOLD

Miraan, LLC Acquires Office Building In Northborough, MA For $2.15M

107 Otis Street, Northborough, Massachusetts 01532, United States

See Similar Deals
Office21,000 SF
Sold 01/07/2022
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:21,000 SF
Transaction Type:Sale

An office property located at 107 Otis St in Northborough, MA was recently sold. The transaction took place on January 7, 2022, and the property was purchased by Miraan, LLC. The seller of the property was Adam Allison, LLC. The sale was facilitated by Joel Aho of Aho Properties, who represented the buyer, and Bret O'Brien, Ben Gatti, and Tyler DeWolfe of Greater Boston Commercial Properties Inc, who represented the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,150,000
  • Square Footage: 21,000
  • Price per Square Foot: $102
  • Address: 107 Otis St, Northborough, MA
  • Market: Northborough, MA

The property was sold for a total price of $2,150,000, with a square footage of 21,000. The price per square foot was calculated to be $102. The buyer, Miraan, LLC, was represented by Joel Aho of Aho Properties. The seller, Adam Allison, LLC, was represented by Bret O'Brien, Ben Gatti, and Tyler DeWolfe of Greater Boston Commercial Properties Inc.

Players

Benjamin (Ben) Gatti
14 deals$51.7M volume(508) 273-2133
BROKER

Joel Aho
Aho Properties
17 deals$42.4M volume(508) 868-0216
BROKER

Tyler DeWolfe
Greater Boston Commercial Properties
9 deals$30.7M volume
BROKER

Details

SOLD
IMAGE: Tyler DeWolfe, Ben Gatti & Bret O’Brien DATE: 01/07/2022 ADDRESS: 107 Otis St MARKET: Northborough, MA ASSET TYPE: Office BUYER: Miraan, LLC SELLER: Adam Allison, LLC BUYER'S REP: Joel Aho - Aho Properties SELLER'S REP: Bret O’Brien, Ben Gatti & Tyler DeWolfe - Greater Boston Commercial Properties Inc SALE PRICE: $2,150,000 SF: 21,000 ~ PPSF: $102

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
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