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:
- 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.
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