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33 Talbot Road

Northern Drill Service, Inc Acquires Office Building On Talbot Road In Northborough For $1.18M
SOLDOffice

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.

Players

Andrew Goddard

O'Brien Commercial Properties

Broker

$1.2M

vol

1 deal

Broker

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