South Shore Stars Acquires Office Building In Weymouth, MA For $5.8M
SOLD
$5,800,000
Massachusetts
See Similar DealsOffice30,000 SF
Sold 05/31/2023
SOLD
South Shore Stars Acquires Office Building In Weymouth, MA For $5.8M
163 Libbey Pkwy Weymouth, MA 02189, USA
See Similar DealsOffice30,000 SF
Sold 05/31/2023
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$193
Total Square Footage:30,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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