facebook
Traded Co logo
Submit

Marlborough Office Property Sold At $3.45M With Mitch Stepien & Ben Gatti As Brokers

Property Image
SOLD
$3,450,000

Massachusetts

See Similar Deals
Office372,480 SF
Sold 06/26/2020
the dealplayerscompscontact
Property Image
SOLD

Marlborough Office Property Sold At $3.45M With Mitch Stepien & Ben Gatti As Brokers

221 Boston Post Rd, Weston, MA 02493, USA

See Similar Deals
Office372,480 SF
Sold 06/26/2020
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$9
Total Square Footage:372,480 SF
Transaction Type:Sale

The multi-tenanted office property located at 221 Boston Post Rd in Marlborough has been sold for a price of $3,450,000. The property spans across 37,248 square feet and was sold at 82% occupancy. This office property is situated in a well-established market and offers great potential for future growth. The sale price of $3,450,000 translates to a per square foot price of $92.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,450,000
  • Address: 221 Boston Post Rd, Marlborough
  • Market: Marlborough
  • Square Footage: 37,248
  • Price per Square Foot: $92

The successful transaction was facilitated by Mitch Stepien & Ben Gatti from Greater Boston Commercial Properties Inc.

It is worth noting that the office property was sold at a high occupancy rate, indicating the long-term stability and attractiveness of the investment. With its strategic location and established tenants, this property presents a great opportunity for the new owner to generate consistent rental income.

Players

Benjamin (Ben) Gatti
14 deals$51.7M volume(508) 273-2133
BROKER

Mitch Stepien
NAI Global
3 deals$18.9M volume(774) 289-7564
BROKER

Details

SOLD
IMAGE: Mitch Stepien & Ben Gatti DATE: 06/26/2020 ADDRESS: 221 Boston Post Rd MARKET: Marlborough ASSET TYPE: Office SALE PRICE: $3,450,000 SF: 37,248 PPSF: $92 BROKER: Mitch Stepien & Ben Gatti – Greater Boston Commercial Properties Inc NOTE: The multi-tenanted office property was sold at 82% occupancy and is comprised of long term, established […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$184,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12