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
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