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10 Cottage Street

Bodhi Spa Acquires Office Property In Norwood, MA For $1.45M
SOLDOffice

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

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.

Players

Brendan Coan

Paramount Partners

Broker

$19.4M

vol

5 deals

Broker

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