James And David Stubblebine Broker Sale Of Office Property In Marlborough For $2.8M
686 Forest Street
$2,800,000
$46/SF
Building Size
60,000 SF
Asset Type
Office
Closing
May 13, 2024
AI
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.
Players
Marlborough 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93