Updated Oct 29, 2024
Green Brick Development Acquires Mixed-Use Property In Framingham For $4.8M
101 Bishop St, Framingham, MA, 01702
$4,800,000
$108/SF
Building Size
44,272 SF
Asset Type
Mixed-use
Closing
Nov 22, 2023
About this deal
AI
The office and industrial building at 101 Bishop St in Framingham, MA, 01702 has been sold for $4.8 million. The property, spanning 44,272 square feet and situated on 3.1 acres, is fully air conditioned. The sale was arranged by New Dover Associates, with Scott Hughes and Ted Reimann representing the seller, Siegal LLC, and procuring the buyer, Green Brick Development.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,800,000.00
- Market: Framingham
- Seller's Rep: Scott Hughes, Ted Reimann (New Dover Associates)
- Buyer: Green Brick Development
- SF: 44272
New Dover Associates facilitated the sale of the property located at 101 Bishop St in Framingham. Green Brick Development acquired the building from Siegal LLC for $4.8 million. The buyer was represented by Green Brick Development, while the seller was represented by Scott Hughes and Ted Reimann of New Dover Associates.
On the Map
$4,800,000
$108/SF
Mixed-use
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Players
Framingham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93