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

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SOLD
$4,300,000

Massachusetts

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Office39,424 SF
Sold 10/12/2020
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Property Image
SOLD

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

113 Water Street⁠, Milford

See Similar Deals
Office39,424 SF
Sold 10/12/2020
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$109
Total Square Footage:39,424 SF
Transaction Type:Sale

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
10 deals$47.1M volume(818) 212-2250
BROKER

Harrison Klein
Marcus & Millichap
47 deals$177.2M volume
BROKER

Robert Damigella
Marcus & Millichap
13 deals$103.3M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Adam Cohen, Harrison Klein, & Robert Damigella⁠ DATE: 10/12/2020⁠ ADDRESS: 113 Water Street⁠ MARKET: Milford, MA⁠ ASSET TYPE: Office⁠ BROKERS: Adam Cohen, Harrison Klein, & Robert Damigella – Marcus & Millichap⁠ SALE PRICE: $4,300,000⁠ : 39,424 / PPSF: $109

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

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33