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1 Westinghouse Plaza

Iconic Real Estate Holdings Acquires Industrial Property In Hyde Park For $2.95M
SOLDIndustrial

Iconic Real Estate Holdings Acquires Industrial Property In Hyde Park For $2.95M

1 Westinghouse Plaza

$2,950,000

$85/SF

Building Size

34,651 SF

Asset Type

Industrial

Closing

Oct 17, 2023

AI

An industrial property located at 1 Westinghouse Plaza in Hyde Park, MA has been sold for a price of $2,950,000. The property spans a total of 34,651 square feet, resulting in a price per square foot of $85. The transaction took place on 10/17/2023.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,950,000
  • Square Footage: 34,651
  • Price per Square Foot: $85
  • Address: 1 Westinghouse Plaza, Hyde Park, MA
  • Market: Hyde Park, MA

The buyer of the property is Iconic Real Estate Holdings, while the seller is Oxford Partners. The sale was represented by Jeremy Freid, Tyler Capecci, David Linehan, Adam Meixner, and Meghan Huebner from 128 CRE.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Hyde Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93