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163 Libbey Pkwy Weymouth, M...

South Shore Stars Acquires Office Building In Weymouth, MA For $5.8M
SOLDOffice

South Shore Stars Acquires Office Building In Weymouth, MA For $5.8M

163 Libbey Pkwy Weymouth, MA 02189, USA

$5,800,000

$193/SF

Building Size

30,000 SF

Asset Type

Office

Closing

May 31, 2023

AI

The 3-story, 30,000 SF office building located at 163 Libbey Industrial Parkway in Weymouth, MA has been sold in a transaction. The property was previously the corporate offices for a civil engineering firm. The buyer, South Shore Stars, a non-profit organization, will be utilizing the space for their early childhood education and youth development services.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,800,000
  • Square Footage: 30,000 SF
  • Price per Square Foot: $193
  • Address: 163 Libbey Industrial Parkway, Weymouth, MA
  • Market: Weymouth, MA

David Ellis from Ellis Realty Advisors represented the buyer, South Shore Stars, in this transaction.

Players

David Ellis

Broker

$20.3M

vol

6 deals

Broker

Boston 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93