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The Legasse Group Acquires Office Building In Natick, MA For $2.3M
SOLD
$2,300,000
Massachusetts
See Similar DealsOffice5,871 SF
Sold 03/28/2024
SOLD
The Legasse Group Acquires Office Building In Natick, MA For $2.3M
1 Tech Circle
See Similar DealsOffice5,871 SF
Sold 03/28/2024
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$391
Total Square Footage:5,871 SF
Transaction Type:Sale
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:
- Property Type: Office
- Transaction Amount: $2,300,000
- Buyer: The Legasse Group
- Seller: Young Family LLC
- Broker: Dean Blackey - R.W. Holmes Commercial Real Estate
- Address: 1 Tech Circle
- Market: Natick, MA
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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