386 W Main St - Office FOR SALE


Northborough, MA 01532
$3,100,000 USD
508-641-1971
386 W Main St, Northborough, MA for Sale
$3,100,000 USD
Office - FOR SALE
1/6
null | 7.33% Cap Rate

386 W Main St
Northborough, MA 01532


HIGHLIGHTS

  • Strong current and historical occupancy
  • Well Maintained
  • Excellent Location

OVERVIEW

A fantastic opportunity to purchase an exceptional building with a strong occupancy (100% with seller occupying 6%), below market rents, abundant parking and a tenants' desired direct parking lot access to their units. This building has been well maintained and run from the continual upkeep/upgrading of the mechanicals to replacing the roof in 2021 and painting the building in 2024. There is great opportunity for continued rental growth and value add to this property.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.76 AC

LAND SF

163,786 SF

ZONING

Commercial

APN/PARCEL ID

NBOR-000810-000000-000009,NBOR-001000-000000-000100

ASK ABOUT THIS PROPERTY

Nicholas OrlovThe Orlov Company, Inc.More Info
508-641-1971

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Nicholas OrlovThe Orlov Company, Inc.More Info
508-641-1971

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.