Warren Cross Jr. Acquires Office Building In Natick, MA For $2.4M
10 S Main St Natick, MA 01760, USA
$2,400,000
$125/SF
Building Size
19,081 SF
Asset Type
Office
Closing
Jun 28, 2023
AI
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.
Players
Boston 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93