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
- Property Type: Mixed-use
- Transaction Amount: $3,235,000
- Address: 41 Pleasant Street, Norton, MA
- Market: Norton, MA
- Buyer: Building Envelope Systems
- Seller: B & J Realty Group - Brian Lee
- Brokers: David Linehan, Adam Meixner, Jeremy Freid, Meghan Huebner, and Tyler Capecci - 128 CRE
- Square Footage: 32,276
- Price per Square Foot: $100
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
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