Copley Investments Acquires Mixed-Use Property In Natick, MA For $4.2M
SOLD
$4,200,000
Massachusetts
See Similar DealsMixed-use27,000 SF
Sold 11/03/2022
SOLD
Copley Investments Acquires Mixed-Use Property In Natick, MA For $4.2M
12 Michigan Drive, Natick, Massachusetts 01760, United States
See Similar DealsMixed-use27,000 SF
Sold 11/03/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$155
Total Square Footage:27,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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