Boroughs Islamic Society Acquires Special Purpose Property In Westborough, MA For $1.775M
6 Bellows Road
$1,775,000
$311/SF
Building Size
5,700 SF
Asset Type
Special Purpose
Closing
Jul 14, 2022
AI
The special purpose property located at 6 Bellows Rd in Westborough, MA has been sold for a total price of $1,775,000. The property spans over 5,700 square feet, resulting in a price per square foot of $311. The transaction took place between the buyer, Boroughs Islamic Society, and the seller, Realty Income Corporation.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $1,775,000
- Address: 6 Bellows Rd, Westborough, MA
- Market: Westborough, MA
- Buyer: Boroughs Islamic Society
- Seller: Realty Income Corporation
- Buyer's Representative: Marci Alvarado - SVN | Parsons Commercial Group | Boston
- Square Footage: 5,700
- Price per Square Foot: $311
Marci Alvarado from SVN | Parsons Commercial Group | Boston represented the buyer, Boroughs Islamic Society, in this transaction. The deal between the two parties closed successfully, marking an important milestone for both the buyer and the seller.
Players
Westborough Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93