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12 Michigan Drive, Natick, ...

Copley Investments Acquires Mixed-Use Property In Natick, MA For $4.2M
SOLDMixed-use

Copley Investments Acquires Mixed-Use Property In Natick, MA For $4.2M

12 Michigan Drive, Natick, Massachusetts 01760, United States

$4,200,000

$155/SF

Building Size

27,000 SF

Asset Type

Mixed-use

Closing

Nov 2, 2022

AI

The mixed-use property located at 12 Michigan Drive in Natick, MA has been sold for a price of $4,200,000. The property spans across 27,000 square feet, resulting in a price per square foot of $156. The sale took place on 11/03/2022.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $4,200,000
  • Square Footage: 27,000
  • Address: 12 Michigan Drive, Natick, MA
  • Market: Natick, MA

Copley Investments successfully acquired the property from Natick Michigan Investors. The deal was facilitated by brokers Craig Johnson, Dean Blackey, and Elizabeth Holmes from R.W. Holmes.

Players

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

Natick 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93