Updated Oct 28, 2024
Robert J Kinz Family LP Sells Mixed-Use Property In Framingham, MA For $3.15M
119 Herbert Street, Framingham, Massachusetts, USA
$3,150,000
$75/SF
Building Size
42,000 SF
Asset Type
Mixed-use
Closing
Aug 27, 2021
About this deal
AI
The mixed-use property located at 119 Herbert St in Framingham, MA has been sold for a price of $3,150,000. The transaction took place on August 27, 2021. The property spans 42,000 square feet, resulting in a price per square foot of $75. The seller of the property was Robert J Kinz Family LP.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Address: 119 Herbert St, Framingham, MA
- Market: Framingham, MA
- Seller: Robert J Kinz Family LP
The sale of the property was facilitated by Dave Tognacci, a broker from Phoenix Commercial Real Estate.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93