Updated Oct 28, 2024
Cross Kingsbury LLC Acquires Office & Retail Property In Needham, MA For $2.15M
1036 Great Plain Ave, Needham, Massachusetts 02492, United States
$2,150,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 27, 2022
About this deal
AI
The property at 1036-1040 Great Plain Ave in Needham, MA has been sold for a price of $2,150,000. The property is classified as an office and retail space.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $2,150,000
- Date: 01/28/2022
- Buyer: Cross Kingsbury LLC
- Seller: Development Realty Trust
- Broker: Scott Hughes - New Dover Associates, Inc
- Address: 1036-1040 Great Plain Ave, Needham, MA
- Market: Needham, MA
The buyer, Cross Kingsbury LLC, completed the purchase of this property from the seller, Development Realty Trust. The deal was facilitated by Scott Hughes from New Dover Associates, Inc.
On the Map
$2,150,000
Mixed-use
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Needham 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93