Convention Data Services Inc. (CDS) sold 107 Waterhouse Road in Bourne, MA in a sale-leaseback to private investor Milo Fay of 107 Waterhouse Road LLC. The sale was valued at $3.5 million, or about $175 per square foot. The two-story, 20,000-square-foot office building was built in 1999 on four acres off of Route 28. The seller will lease the building on a long-term, triple-net lease with 2% increases each year. CDS has established first right of refusal on a 10,000-square-foot expansion potential on the property.