SOLDOffice
Stonegate Group Acquires Office Building In Westborough, MA For $6.1M
134 Flanders Road, Westborough, Massachusetts 01581, United States
$6,100,000
$106/SF
Building Size
57,421 SF
Asset Type
Office
Closing
Jun 9, 2022
AI
The office property located at 134 Flanders Rd in Westborough, MA has been sold for a price of $6,100,000. The property spans a total area of 57,421 square feet, resulting in a price per square foot of $106.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,100,000
- Address: 134 Flanders Rd, Westborough, MA
- Market: Westborough, MA
- Buyer: Stonegate Group - Dean Calivas
- Square Footage: 57,421
- Price per Square Foot: $106
The buyer for this transaction is Stonegate Group, represented by Dean Calivas.
Westborough 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93