Miraan, LLC Acquires Office Building In Northborough, MA For $2.15M
107 Otis Street, Northborough, Massachusetts 01532, United States
$2,150,000
$102/SF
Building Size
21,000 SF
Asset Type
Office
Closing
Jan 7, 2022
AI
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
Northborough 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93