FCA Acquires Commercial Property On Beech St In Framingham For $407.5K
SOLD
$407,500
Massachusetts
See Similar DealsCommercial3,000 SF
SOLD
FCA Acquires Commercial Property On Beech St In Framingham For $407.5K
6 Beech St, Framingham, MA, 01702
See Similar DealsCommercial3,000 SF
Summary
MASSACHUSETTS
Asset Type:Commercial
Price Per Square Foot:$135
Total Square Footage:3,000 SF
Transaction Type:Sale
The property at 6 Beech St, Framingham, MA, 01702 is a 3,000 square foot Victorian styled building that was marketed for both business and residential use. Marlene Aron of Metrowest Commercial Real Estate facilitated the sale of this commercial property to FCA for $407,500.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $407,500.00
- Market: Framingham
- Seller's Rep: Marlene Aron (Metrowest Commercial Real Estate)
- Buyer: FCA
In addition to the property on Beech St, Marlene Aron also recently sold two other properties in Framingham totaling $1.58 million. These sales include a renovated office building on Franklin St and an industrial building on Irving St.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,447.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,931.76
Annual Debt Service$23,181.09
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