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
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