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197 West Central Street

Empire Management Acquires 197 West Central St In Natick For $6.4M
SOLDIndustrial

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

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.

Players

Bernard Gibbons

ABG Commercial Realty

Broker

$67M

vol

7 deals

Broker

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