261 Cedar Hill Street & 753 Forest Street
Marlborough, MA

Investment Summary

Property: 

Acquired 100% occupied, a two building, multi-tenanted flex portfolio, totaling 134,404 SF situated on 19 acres.

Pricing: 
  • Total Acquisition Cost - $14.6 million
  • Total Equity - $5.5M
  • Total Debt - $9.1M
Strategy: 

Cash flow a Class A flex/office portfolio with a diversified tenant base and a long history of occupancy in a high demand market with limited vacancy. 


Opportunity / Highlights

  • 100% leased to a diverse tenant base with a manageable rent roll providing a 10% average annual cash yield
  • Well located, high quality single story flex assets such as these are in high demand due to a limited supply in the sub-market
  • Tenants are long term focused and have invested significant capital and technology in their spaces including lab space, clean rooms, precision manufacturing, training facilitates, assembly and distribution
  • Centrally located at intersection of I-495 and I-90 with providing access to the highly educated and skilled metro west Boston employee base employed by these tenants
  • Flex/office assets provide tenants flexibility and functionality at a much lower rental rate than traditional office properties

Projected Net Returns

  • Average Annual Cash Flow: 10%
  • Target Equity Multiple: 2.0x