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320 Norwood Park S Norwood,...

R.W. Holmes Facilitates 11,988-Square-Foot Office Lease To Gentex At 320 Norwood Park South
LEASEDOffice

R.W. Holmes Facilitates 11,988-Square-Foot Office Lease To Gentex At 320 Norwood Park South

320 Norwood Park S Norwood, MA 02062, USA

$22

$22/SF

Building Size

11,988 SF

Asset Type

Office

Closing

Jul 18, 2023

AI

An 11,988-square-foot office space located at 320 Norwood Park South in Norwood, MA has recently been leased to Gentex. The property, owned by Brave Dog Properties, underwent significant improvements after its purchase last year, a transaction facilitated by R.W. Holmes Commercial Real Estate. The asking rent for the space was $22.5 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 320 Norwood Park South, Norwood, MA
  • Market: Norwood, MA

R.W. Holmes Commercial Real Estate, as the landlord's representative, worked alongside Dean Blackey, Elizabeth Holmes, and Mike Fahy from Brave Dog Properties, to secure the lease for Gentex. Amanda Snell from The Stevens Group served as the tenant's representative in the deal.

Players

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

Boston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93