Updated Dec 20, 2023
Harrison Klein Of Marcus & Millichap Sells Office Building In Worcester, MA For $5M
180 Main Street, Worcester, Massachusetts 01608, United States
$5,000,000
$109/SF
Building Size
45,634 SF
Asset Type
Office
Closing
Feb 6, 2022
About this deal
AI
The property transaction that recently took place involved an office building located at 180 Main St in Worcester, MA. The property was sold for a price of $5,000,000. It spans across an area of 45,634 square feet, resulting in a price per square foot of $110. The sale was facilitated by broker Harrison Klein from Marcus & Millichap. Our exclusive marketing process generated significant interest, leading to four offers within a forty-five day marketing period. The property ultimately sold for 97% of the asking price.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 180 Main St, Worcester, MA
- Market: Worcester, MA
- Square Footage: 45,634
- Price per Square Foot: $110
- Broker: Harrison Klein - Marcus & Millichap
This successful sale was made possible by Harrison Klein of Marcus & Millichap who represented the seller in the transaction. Through our targeted marketing efforts, we generated significant interest within a short period of time, resulting in multiple competitive offers. This demonstrated the strong demand for office space in Worcester, MA. The property ultimately sold for 97% of the asking price, highlighting its appeal to potential buyers.
Clinton 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93