Updated Dec 4, 2024
Bodhi Spa Acquires Office Property In Norwood, MA For $1.45M
10 Cottage Street
$1,450,000
$165/SF
Building Size
8,770 SF
Asset Type
Office
Closing
Dec 1, 2023
About this deal
AI
Bodhi Spa, a hydrotherapy day spa, has acquired a new office space at 10 Cottage Street in Norwood, MA. The property was purchased for $1.45 million and spans 8,770 square feet. The sale price per square foot is $165.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,450,000
- Square Footage: 8,770
- Address: 10 Cottage Street, Norwood, MA
- Market: Norwood, MA
This transaction marks the third establishment for Bodhi Spa, which already has locations in Providence and Newport, R.I. The acquisition of the new office space was facilitated by Ellen Fantini Cullinan from Freudenheim Partners, who represented Bodhi Spa in the deal.
On the Map
$1,450,000
$165/SF
Office
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Norwood 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93