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686 Forest Street

James And David Stubblebine Broker Sale Of Office Property In Marlborough For $2.8M
SOLDOffice

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:

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

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

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