Updated Dec 5, 2024
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
About this deal
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.
On the Map
$26,100,000
$135/SF
Office
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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