Good Cos. Properties LLC Purchases Office Property From Core-Williamsburg LLC For $1.1 Million
205 North Williamsburg Drive
$1,100,000
$97/SF
Building Size
11,311 SF
Asset Type
Office
Closing
Feb 6, 2025
About this deal
AI
The transaction involved a fully leased office property located at 205 North Williamsburg Drive in Bloomington. The property was sold for $1,100,000 and features a total area of 11,311 square feet. It consists of five units and includes a dedicated parking lot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,100,000
- Square Footage: 11,311
- Address: 205 North Williamsburg Drive
- Market: Bloomington
- Price Per Square Foot: $97
- Buyer: Good Cos. Properties LLC
- Seller: Core-Williamsburg LLC
- Broker: Carrie Tinucci-Troll - SVN Core 3
Carrie Tinucci-Troll represented both parties in the transaction, facilitating the deal between Good Cos. Properties LLC and Core-Williamsburg LLC, effectively managing the interests of both the buyer and the seller throughout the sale process.
Players
Bloomington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93