Updated Oct 28, 2024
AAMLAX, LLC Acquires Office Property On Bartlett St In Marlborough, MA For $2.28M
29 Bartlett Street, Marlborough, Massachusetts 01752, United States
$2,280,000
$191/SF
Building Size
11,898 SF
Asset Type
Office
Closing
May 12, 2022
About this deal
AI
The office property located at 29 Bartlett St in Marlborough, MA has been sold for a total price of $2,280,000. The property spans across 3.6 acres and offers a total square footage of 11,898. This translates to a price per square foot of $192. The transaction took place on May 13, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,280,000
- Address: 29 Bartlett St, Marlborough, MA
- Square Footage: 11,898
- Price Per Square Foot: $192
- Market: Marlborough, MA
AAMLAX, LLC acted as the buyer in this transaction, while the seller was 29 Bartlett Street Realty, LLC. Scott Hughes of New Dover Associates, InC served as the buyer's representative, along with James Gordon, Peter Gordon, and Jonathan Gordon of Gordon Real Estate Corp. On the seller's side, NAI Glickman Kovago & Jacobs represented the interests of 29 Bartlett Street Realty, LLC.
Players
Marlborough 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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93