Stonegate Group Acquires Office Building In Westborough, MA For $6.1M
SOLD
$6,100,000
Massachusetts
See Similar DealsOffice57,421 SF
Sold 06/10/2022
SOLD
Stonegate Group Acquires Office Building In Westborough, MA For $6.1M
134 Flanders Road, Westborough, Massachusetts 01581, United States
See Similar DealsOffice57,421 SF
Sold 06/10/2022
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$106
Total Square Footage:57,421 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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