Automotive Management Services Acquires Westford Office Building For $6M
SOLD
$6,000,000
Massachusetts
See Similar DealsOffice59,400 SF
Sold 12/16/2022
SOLD
Automotive Management Services Acquires Westford Office Building For $6M
239 Littleton Road
See Similar DealsOffice59,400 SF
Sold 12/16/2022
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$101
Total Square Footage:59,400 SF
Transaction Type:Sale
An office property located at 239 Littleton Road in Westford, MA has been sold for $6,000,000. The property spans 59,400 square feet, resulting in a price per square foot of $101. The transaction took place on 12/16/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,000,000
- Square Footage: 59,400
- Price per Square Foot: $101
- Address: 239 Littleton Road, Westford, MA
- Market: Westford, MA
The buyer of the property is Automotive Management Services, while the seller is MDR Construction. The deal was facilitated by Ken Oppenheim from Hunneman Real Estate, representing the buyer.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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