Updated Oct 28, 2024
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
About this deal
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.
On the Map
$4,200,000
$155/SF
Mixed-use
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Players
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