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180 Broad Street

The Henry Perkins Company Acquires Approved Multifamily Site In Bridgewater For $3.5M
SOLDDevelopment Site

The Henry Perkins Company Acquires Approved Multifamily Site In Bridgewater For $3.5M

180 Broad Street

$3,500,000

$6/SF

Building Size

507,038 SF

Asset Type

Development Site

Closing

Nov 24, 2025

AI

The asset involved in this transaction is an approved multifamily site located at 180 Broad Street in Bridgewater, MA. The property was sold for $3,500,000, which equates to approximately $6 per square foot, encompassing a total of 507,038 square feet.

Summary of transaction details:

This transaction involved the buyer, The Henry Perkins Company, acquiring the property from Edgewood Development Company, with a team of representatives from Cushman & Wakefield facilitating the sale. Notably, the individuals representing the seller were Bruce Lusa, Christopher Sower, Ryan Mowery, An Nguyen, Mary VanNatta, Julie Regan, and Andrew Herald.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Bridgewater Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93