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Brookwood Financial Partners Acquires Medford Office Building For $37.55M

Property Image
SOLD
$37,550,000

Massachusetts

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Office107,386 SF
Sold 12/28/2021
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Property Image
SOLD

Brookwood Financial Partners Acquires Medford Office Building For $37.55M

10 Cabot Road, Medford, Massachusetts 02155, United States

See Similar Deals
Office107,386 SF
Sold 12/28/2021
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$349
Total Square Footage:107,386 SF
Transaction Type:Sale

Brookwood Financial Partners has acquired an office property in Medford, MA for a sale price of $37,550,000. The property, located at 10 Cabot Rd, offers a total square footage (BSF) of 107,386 at a price per square footage (PPBSF) of $350. The transaction took place on December 28, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $37,550,000
  • Address: 10 Cabot Rd, Medford, MA
  • Market: Medford, MA
  • Buyer: Brookwood Financial Partners
  • Seller: KS Partners
  • Broker: Frank Petz, Matthew Sherry & John Nasca - Colliers

The transaction, facilitated by Colliers brokers Frank Petz, Matthew Sherry, and John Nasca, highlights the involvement of key individuals and companies in the deal. Brookwood Financial Partners emerged as the buyer, while KS Partners acted as the seller. This transaction showcases the continuous activity and dynamics in the Medford, MA market.

Players

John Nasca
14 deals$726M volume(716) 417-0506
BROKER

Matthew (Matt) Sherry
Colliers
27 deals$1.3B volume(401) 378-2844
BROKER

Frank Petz
Colliers
29 deals$1.3B volume
BROKER

JLL
BROKERAGE


Details

SOLD
IMAGE: Frank Petz, Matthew Sherry & John Nasca DATE: 12/28/2021 ADDRESS: 10 Cabot Rd MARKET: Medford, MA ASSET TYPE: Office BUYER: Brookwood Financial Partners SELLER: KS Partners BROKER: Frank Petz, Matthew Sherry & John Nasca - Colliers SALE PRICE: $37,550,000 BSF: 107386 ~ PPBSF: $350

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,002,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$133,407.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$178,006.16
Annual Debt Service$2,136,073.89