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6 Bellows Road

Boroughs Islamic Society Acquires Special Purpose Property In Westborough, MA For $1.775M
SOLDSpecial Purpose

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

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker
BS
Boroughs Islamic SocietyBuyer
RC
Realty Income CorporationSeller

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