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
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