Fareed Salameh Purchases Office Building From Houssam Alkhoury For $2.1 Million In Worcester
SOLD
$2,100,000
Massachusetts
See Similar DealsOffice9,500 SF
Sold 03/25/2025
SOLD
Fareed Salameh Purchases Office Building From Houssam Alkhoury For $2.1 Million In Worcester
631 Lincoln Street
See Similar DealsOffice9,500 SF
Sold 03/25/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:9,500 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 631 Lincoln Street, Worcester, MA. The property was sold for a total price of $2,100,000, covering a space of 9,500 square feet, which results in a price per square foot of $221.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,100,000
- Address: 631 Lincoln Street
- Market: Worcester, MA
- Square Footage: 9,500
- Price per Square Foot: $221
- Buyer: Fareed Salameh
- Seller: Houssam Alkhoury
- Seller's Representative: James Keefe & Nishan Papazian - Greater Boston Commercial Properties
The transaction featured key individuals including the buyer, Fareed Salameh, and the seller, Houssam Alkhoury. The seller was represented in this deal by the brokerage duo, James Keefe and Nishan Papazian, from Greater Boston Commercial Properties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
Is there something missing? Send suggestions