Daily limit: 0/10
Airport CTC LLC Sells Office Building In Fitchburg Massachusetts For $1.75M
SOLD
$1,750,000
Massachusetts
See Similar DealsOffice5,000 SF
Sold 01/22/2025
SOLD
Airport CTC LLC Sells Office Building In Fitchburg Massachusetts For $1.75M
155 Airport Road
See Similar DealsOffice5,000 SF
Sold 01/22/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$350
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
Is there something missing? Send suggestions