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James And David Stubblebine Broker Sale Of Office Property In Marlborough For $2.8M
SOLD
$2,800,000
Massachusetts
See Similar DealsOffice60,000 SF
Sold
SOLD
James And David Stubblebine Broker Sale Of Office Property In Marlborough For $2.8M
686 Forest Street
See Similar DealsOffice60,000 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$46
Total Square Footage:60000 SF
Transaction Type:Sale
The sale of 686 Forest Street in Marlborough, MA, involved an 8.35-acre office property permitted for 60,000 square feet. The property was sold for $2.8 million, equating to a price per square foot of $47.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,800,000
- Address: 686 Forest Street
- Market: Marlborough, MA
- Square Footage: 60,000
- Seller: IPG Photonics
- Brokers: David Stubblebine & James Stubblebine - The Stubblebine Company
David Stubblebine and James Stubblebine of The Stubblebine Company facilitated the sale of the property. They acted as the representatives in the deal, ensuring a successful transaction for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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