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1 Tech Circle

The Legasse Group Acquires Office Building In Natick, MA For $2.3M
SOLDOffice

The Legasse Group Acquires Office Building In Natick, MA For $2.3M

1 Tech Circle

$2,300,000

$391/SF

Building Size

5,871 SF

Asset Type

Office

Closing

Mar 28, 2024

AI

A boutique office/flex building located at 1 Tech Circle in Natick, MA, was recently sold for $2.3 million to The Legasse Group by Young Family LLC. The property spans 5,871 square feet, resulting in a price per square foot of $392.

Summary of transaction details:

Dean Blackey of R.W. Holmes Commercial Real Estate represented the parties in the transaction, facilitating the sale of the office/flex building. The Legasse Group emerged as the buyer, acquiring the property from Young Family LLC in the deal.

Players

Dean Blackey

R.W. Holmes Commercial Real Estate

Broker

$38.3M

vol

11 deals

Broker

Natick Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93