Northern Drill Service, Inc Acquires Office Building On Talbot Road In Northborough For $1.18M
33 Talbot Road
$1,180,000
$414/SF
Building Size
2,848 SF
Asset Type
Office
Closing
Oct 27, 2023
AI
A property at 33 Talbot Rd in Northborough, MA has been sold by O'Brien Commercial Properties. The sale includes a 2,848 sq ft office building, a 2,800 sq ft industrial garage, and a contractor's yard on 1.3 acres. The property was sold for $1.18 million.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,180,000
- Address: 33 Talbot Road, Northborough, MA
- Square Footage: 2,848 sq ft
- Market: Northborough, MA
The buyer of the property is Chris DeVillers, representing Northern Drill Service, Inc. They have acquired the office building, industrial garage, and contractor's yard. The seller of the property is Jason Martin. Andrew Goddard, from O'Brien Commercial Properties, represented the seller and facilitated the sale.
Note: Andrew Goddard, the broker from O'Brien Commercial Properties, played a key role in the sale of the property. The transaction was successfully completed, and Northern Drill Service, Inc now owns the property at 33 Talbot Rd.
Northborough 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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93