Updated Feb 24, 2025
Airport CTC LLC Sells Office Building In Fitchburg Massachusetts For $1.75M
155 Airport Road
$1,750,000
$350/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Jan 22, 2025
About this deal
AI
The property involved in the transaction is an office building located at 155 Airport Road in Fitchburg, MA. The asset spans 5,000 square feet and is situated on one acre of land. The sale price for the property was $1,750,000, translating to a price per square foot of $350.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,750,000
- Square Footage: 5,000 SF
- Address: 155 Airport Road
- Market: Fitchburg, MA
- Seller: Airport CTC LLC
- Broker: O’Brien Commercial Properties
- PPSF: $350
O’Brien Commercial Properties represented the seller, Airport CTC LLC, in the transaction. The office building is leased long-term to Habit Opco, LLC, which operates a substance abuse treatment clinic serving over 2,000 patients daily.
On the Map
$1,750,000
$350/SF
Office
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Players
Fitchburg 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93