Updated Dec 4, 2024
Empire Management Acquires 197 West Central St In Natick For $6.4M
197 West Central Street
$6,400,000
$256/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Jan 30, 2024
About this deal
AI
ABG Commercial, representing the buyer Empire Management, has closed a $6.4 million deal for the acquisition of 197 West Central St in Natick, MA. The property is an industrial asset sitting on 3 acres of land. It spans across 25,000 square feet and was sold at a price per square foot of $256.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Address: 197 West Central Street, Natick, MA
- Market: Natick, MA
- Acres: 3
- Buyer: Fred Ohebshalom - Empire Management
The broker involved in the deal was Bernard Gibbons from ABG Commercial. This transaction showcases Empire Management's expansion plans as they acquire the industrial property in Natick. The sale represents an important milestone for both the buyer and the seller.
Natick 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93