Updated Oct 28, 2024
Jumbo Capital Acquires Office Building In Westford, MA For $30.25M
3 Carlisle Road, Westford, Massachusetts, USA
$30,250,000
$180/SF
Building Size
167,881 SF
Asset Type
Office
Closing
Sep 15, 2021
About this deal
AI
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
Westford 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93