Iconic Real Estate Holdings Acquires Industrial Property In Hyde Park For $2.95M
SOLD
$2,950,000
+ 2
Massachusetts
See Similar DealsIndustrial34,651 SF
Sold 10/17/2023
SOLD
Iconic Real Estate Holdings Acquires Industrial Property In Hyde Park For $2.95M
1 Westinghouse Plaza
See Similar DealsIndustrial34,651 SF
Sold 10/17/2023
+ 2
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$85
Total Square Footage:34,651 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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