Atlantic Union Conference Association Of Seventh Day Adventists Acquires Office Building In Westborough For $6.4M
287 Turnpike Road
$6,400,000
$131/SF
Building Size
48,848 SF
Asset Type
Office
Closing
Dec 13, 2024
AI
The property asset involved is an office building located at 287 Turnpike Road, Westborough, MA. The building encompasses a total area of 48,848 square feet situated on 15.82 acres of land. The sale concluded for a price of $6,400,000, resulting in a price per square foot of $131.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,400,000
- Address: 287 Turnpike Road
- Market: Westborough, MA
- Square Footage: 48,848
- Acres: 15.82
- Price per Square Foot: $131
- Buyer: Atlantic Union Conference Association of Seventh Day Adventists
- Broker: Bret O’Brien - Greater Boston Commercial Properties
Bret O’Brien from Greater Boston Commercial Properties, Inc. facilitated the sale, representing the buyer in the transaction. This engagement highlights the role of brokers in navigating property transactions within the market.
Westborough 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93