Warren Cross Jr. Acquires Office Building In Natick, MA For $2.4M
SOLD
$2,400,000
+ 1
Massachusetts
See Similar DealsOffice19,081 SF
Sold 06/28/2023
SOLD
Warren Cross Jr. Acquires Office Building In Natick, MA For $2.4M
10 S Main St Natick, MA 01760, USA
See Similar DealsOffice19,081 SF
Sold 06/28/2023
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:19,081 SF
Transaction Type:Sale
A 19,081 square foot office property located at 10 Main Street in Natick, MA has been sold for $2,400,000. The property was purchased by Warren Cross Jr. from Cross Insurance.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,400,000
- Square Footage: 19,081
- Price per Square Foot: $126
- Address: 10 Main Street, Natick, MA
- Market: Natick, MA
The sale of this office asset was facilitated by Adam Meixner, Jeremy Freid, Tyler Capecci, and Meghan Huebner from 128 CRE, representing Cross Insurance as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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