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32 Coslin Drive

John P. Murphy Of Atlantic Management Acquires Southborough Office Property For $26.1M
SOLDOffice

John P. Murphy Of Atlantic Management Acquires Southborough Office Property For $26.1M

32 Coslin Drive

$26,100,000

$135/SF

Building Size

193,000 SF

Asset Type

Office

Closing

Dec 5, 2024

AI

The office property located at 32 Coslin Drive in Southborough, MA consists of 193,000 square feet situated on 20 acres. It was sold for a total of $26,100,000 with a price per square foot of $135. The acquisition was partially financed with a loan of $24,700,000 from Bank of New England.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $26,100,000
  • Address: 32 Coslin Drive
  • Market: Southborough, MA
  • Loan Amount: $24,700,000
  • Buyer: John P. Murphy - Atlantic Management

John P. Murphy represents Atlantic Management in this acquisition, signifying their strategic investment in the Southborough office sector. The transaction marks a notable addition to their portfolio in the region.

Players

Southborough 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93