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Exploration School Sells Mixed-Use Property At 932 Washington Street In Norwood For $3.8M
SOLD
$3,800,000
Massachusetts
See Similar DealsMixed-use50,000 SF
Sold 02/27/2025
SOLD
Exploration School Sells Mixed-Use Property At 932 Washington Street In Norwood For $3.8M
932 Washington Street
See Similar DealsMixed-use50,000 SF
Sold 02/27/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$76
Total Square Footage:50,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a mixed-use building located at 932 Washington Street in Norwood, MA. The property spans 50,000 square feet and was sold for a price of $3,800,000, equating to a price per square foot of $76.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 932 Washington Street
- Market: Norwood, MA
- Square Footage: 50,000
- Price per Square Foot: $76
- Seller: Moira Kelly - Exploration School
The transaction was completed with the representation of a local LLC as the buyer. Moira Kelly, associated with the Exploration School, executed the sale of the flex property.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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