Updated Oct 28, 2024
Cactus Capital Boston, LLC Acquires Office Building In Southborough, MA For $1.55M
206 Turnpike Road, Southborough, Massachusetts 01772, United States
$1,550,000
$238/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Feb 10, 2022
About this deal
AI
An office property located at 206 Turnpike Rd in Southborough, MA has been sold for a price of $1,550,000. The property consists of approximately 6,500 square feet and was purchased by Cactus Capital Boston, LLC from Petroleum Processing Solutions, LLC. The sale price translates to a price per square foot of $238.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,550,000
- Square Footage: 6,500
- Price per Square Foot: $238
- Address: 206 Turnpike Rd, Southborough, MA
- Buyer: Cactus Capital Boston, LLC
- Seller: Petroleum Processing Solutions, LLC
- Broker: Ben Gatti - Greater Boston Commercial Properties, Inc
Ben Gatti of Greater Boston Commercial Properties, Inc represented the buyer, Cactus Capital Boston, LLC, in this transaction.
On the Map
$1,550,000
$238/SF
Office
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Southborough 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93