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113 Water Street⁠, Milford

Marcus & Millichap Sells Office Building In Milford, MA For $4.3M
SOLDOffice

Marcus & Millichap Sells Office Building In Milford, MA For $4.3M

113 Water Street⁠, Milford

$4,300,000

$109/SF

Building Size

39,424 SF

Asset Type

Office

Closing

Oct 11, 2020

AI

The office property at 113 Water Street in Milford, MA has been sold for $4,300,000. The sale was completed on October 12, 2020. The property spans 39,424 square feet, resulting in a price per square foot of $109. Adam Cohen, Harrison Klein, and Robert Damigella of Marcus & Millichap represented the transaction as brokers.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,300,000
  • Address: 113 Water Street, Milford, MA
  • Market: Milford, MA
  • Price per Square Foot: $109
  • Brokers: Adam Cohen, Harrison Klein, and Robert Damigella – Marcus & Millichap

The deal was facilitated by the broker team of Adam Cohen, Harrison Klein, and Robert Damigella from Marcus & Millichap. Their expertise and representation ensured the successful completion of the sale transaction.

Players

Adam Cohen

Marcus & Millichap

Broker

$47.1M

vol

10 deals

Broker

Milford 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93