Description

Business Properties For Sale in Westborough, MA

Kelleher & Sadowsky Associates, Inc. is pleased to introduce 154 & 158 East Main Street in Westborough, Massachusetts – a 2.16 +- acre parcel of land (two lots) improved with a fully leased, 14,840 +- square foot medical office building, as well as a fully leased 3,028 +- square foot two-family residence. The well stabilized asset offers gross income of approximately $300,000 +- per annum, and in place cash flow of just under $200,000 +- (Net Operating Income) per annum from a credit worthy tenant base. The current base rental rates would be considered to be below fair market value for medical office space and a buyer would have an ability to potentially increase returns through base rental rate escalations over time.