Edivaldo Drummond Acquires Industrial Asset At 95 Eames Street In Framingham For $2.07M
95 Eames Street
$2,070,000
Building Size
—
Asset Type
Industrial
Closing
Apr 11, 2025
AI
The industrial asset located at 95 Eames Street in Framingham, MA, has been sold for a price of $2,070,000. The property spans 9,800 square feet, translating to a price per square foot of $211.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,070,000
- Buyer: Edivaldo Drummond
- Seller: Jeanette Keene & Barry Keene
- Seller's Representative: James Keefe - Greater Boston Commercial Properties
- Date of Transaction: 04/11/2025
Seller Jeanette Keene acknowledged the efforts of James Keefe, stating his commitment throughout the sale process, which included advertising, conducting professional showings, negotiating the sale, and ensuring effective communication among all parties involved. Buyer Edivaldo Drummond also expressed appreciation for Keefe's performance, particularly highlighting his patience during the SBA loan approval process amid a challenging political climate.
Framingham 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
7.66%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93