Principal Real Estate Investors Acquires Medical Office In Natick, MA For $24.9M
313 Speen Street, Natick, MA 01760
$24,875,000
Building Size
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Asset Type
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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
- Property Type: Medical Office
- Transaction Amount: $24,875,000
- Address: 313 Speen St, Natick, MA
- Date: 01/14/2022
- Buyer: Principal Real Estate Investors
- Seller: Shields ASC
- Broker: Robert Griffin, Frank Nelson, Michael Greeley - Newmark
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
Natick CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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