Northborough Medical Center | 112 Main St
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Northborough Medical Center 112 Main St
18,754 SF 100% Leased Office Building Northborough, MA 01532 $3,800,000 ($203/SF) 7.36% Cap Rate
Investment Highlights
- High Occupancy
- Excellent Location and Access
- 100% Medical
Executive Summary
A rare opportunity to purchase a high occupancy medical building with a diversification of services and practices. This building offers units in a desirable size and location to maintain occupancy and cash flow. Recent improvements exceed $160,000 to include HVAC upgrades, led lighting, electrical panels, sprinkler heads and more.
This property has had a history of high occupancy and performance. Boasting a high parking ratio, easy access to major highways and great demographics.
This property has had a history of high occupancy and performance. Boasting a high parking ratio, easy access to major highways and great demographics.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,754 SF
Building Class
B
Year Built/Renovated
1980/1990
Price
$3,800,000
Price Per SF
$203
Cap Rate
7.36%
NOI
$279,751
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,754 SF
Building FAR
0.19
Lot Size
2.26 AC
Zoning
BE, Northborough - Business East
Parking
107 Spaces (5.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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PROPERTY TAXES
| Parcel Number | NBOR-000530-000000-000154 | Total Assessment | $2,677,100 |
| Land Assessment | $332,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,344,700 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
NBOR-000530-000000-000154
Land Assessment
$332,400
Improvements Assessment
$2,344,700
Total Assessment
$2,677,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Northborough Medical Center | 112 Main St
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