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77 Charles Street, Needham,...

Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.2M
SOLDMixed-use

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

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker
CP
Corben Equity PartnersBuyer
BI
Blue Hawk InvestmentsSeller

Needham Heights 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

2.57%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93