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313 Speen Street, Natick, M...

Principal Real Estate Investors Acquires Medical Office In Natick, MA For $24.9M
SOLD

Principal Real Estate Investors Acquires Medical Office In Natick, MA For $24.9M

313 Speen Street, Natick, MA 01760

$24,875,000

Building Size

Asset Type

Closing

Jan 14, 2022

AI

The property involved in this closed transaction is a Medical Office located at 313 Speen St in Natick, MA. The sale of the property took place on 01/14/2022, with the buyer being Principal Real Estate Investors and the seller being Shields ASC. The transaction was facilitated by brokers Robert Griffin, Frank Nelson, and Michael Greeley from Newmark. The sale price for the property was $24,875,000.

Summary of transaction details

The individuals and companies involved in this transaction are Principal Real Estate Investors, the buyer, and Shields ASC, the seller. The deal was facilitated by brokers Robert Griffin, Frank Nelson, and Michael Greeley from Newmark. They played a crucial role in ensuring a successful transaction between the buyer and seller.

Players

Frank Nelson

Newmark

Broker

$442.5M

vol

9 deals

Broker
Principal Real Estate Investors
Principal Real Estate InvestorsBuyer

Natick CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93