facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

107 Otis Street, Northborou...

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

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

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker

Northborough Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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