Jumbo Capital Acquires Office Building In Westford, MA For $30.25M
SOLD
$30,250,000
Massachusetts
See Similar DealsOffice167,881 SF
Sold 09/15/2021
SOLD
Jumbo Capital Acquires Office Building In Westford, MA For $30.25M
3 Carlisle Road, Westford, Massachusetts, USA
See Similar DealsOffice167,881 SF
Sold 09/15/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$180
Total Square Footage:167,881 SF
Transaction Type:Sale
The office property located at 3 & 5 Carlisle Road in Westford, MA has been sold. The transaction was completed on 09/15/2021 for a sale price of $30,250,000. The property spans 167,881 square feet, resulting in a price per square foot of $180. The buyer of the property is Jumbo Capital, represented by Tom Powers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,250,000
- Address: 3 & 5 Carlisle Road, Westford, MA
- Market: Westford, MA
- Square Footage: 167,881
- Buyer: Jumbo Capital - Tom Powers
Tom Powers, representing Jumbo Capital, played a crucial role in the successful completion of the sale. This transaction demonstrates the strong demand for office properties in Westford, MA.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,613,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,471.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,400.43
Annual Debt Service$1,720,805.19
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