Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.2M
77 Charles Street, Needham, Massachusetts 02494, United States
$6,175,000
$308,750/SF
Building Size
20 SF
Asset Type
Mixed-use
Closing
Nov 30, 2022
AI
Located at 77 Charles Street in Needham, MA, this mixed-use property was recently sold in a transaction handled by 128 CRE. The property spans across 20,217 square feet and was sold for a total of $6,175,000, resulting in a price per square foot of $305. The sale took place on November 30, 2022.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,175,000
- Address: 77 Charles Street, Needham, MA
- Market: Needham, MA
The buyer, Corben Equity Partners, acquired the property from the seller, Blue Hawk Investments. The deal was facilitated by the brokers Adam Meixner, Jeremy Freid, Tyler Capecci, Jordan Sneider, and Meghan Huebner from 128 CRE. Their expertise played a crucial role in the successful completion of the transaction.
Players
Needham Heights Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93