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41 Pleasant Street

Building Envelope Systems Acquires Mixed-Use Property In Norton, MA For $3.2M
SOLDMixed-use

Building Envelope Systems Acquires Mixed-Use Property In Norton, MA For $3.2M

41 Pleasant Street

$3,235,000

$100/SF

Building Size

32,276 SF

Asset Type

Mixed-use

Closing

Oct 18, 2023

AI

Building Envelope Systems has acquired a mixed-use property located at 41 Pleasant Street in Norton, MA. The property spans a total square footage of 32,276 and was sold for a price of $3,235,000, resulting in a price per square foot of $100. The transaction took place on October 18, 2023.

Summary of transaction details

The buyer, Building Envelope Systems, successfully acquired the property from B & J Realty Group, represented by Brian Lee. The transaction was facilitated by brokers David Linehan, Adam Meixner, Jeremy Freid, Meghan Huebner, and Tyler Capecci from 128 CRE.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Street Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.90%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93