The Silverbrick Group Acquires Office Building On 340 Main Street In Worcester, MA For $14.5M
340 Main Street, Worcester, MA, USA
$14,500,000
$43/SF
Building Size
333,302 SF
Asset Type
Office
Closing
Dec 9, 2020
AI
The office property located at 340 Main Street in Worcester, MA has been sold for a total price of $14,500,000. The transaction took place on December 10, 2020, and the property spans across 333,302 square feet. The price per square foot for this sale equates to approximately $44.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,500,000
- Address: 340 Main Street
- Market: Worcester, MA
The seller in this transaction was Commerce Associates, LLC, and the buyer of the property was The Silverbrick Group. The deal was facilitated by brokers from JLL Capital Markets, namely Adam Dunn, Mike Restivo, and Chris Phaneuf.
Players
Leominster Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93