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10 State St, Woburn, MA 018...

State St. Realty LLC Acquires Office Property In Woburn, MA For $7.4M
SOLDOffice

State St. Realty LLC Acquires Office Property In Woburn, MA For $7.4M

10 State St, Woburn, MA 01801, USA

$7,400,000

$148/SF

Building Size

50,000 SF

Asset Type

Office

Closing

Oct 8, 2020

AI

Ten State Street LLC and K&L Realty LLC, represented by George K. Tonna, sold the office property located at 10 State Street in Woburn, MA. The buyer, State St. Realty LLC, acquired the property for a sale price of $7,400,000. The asset spans 50,000 square feet, resulting in a price per square foot of $148.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,400,000
  • Address: 10 State Street, Woburn, MA
  • Market: Woburn, MA
  • Seller: Ten State Street LLC & K&L Realty LLC – George K. Tonna
  • Buyer: State St. Realty LLC
  • Broker: Mike Ogasapian – R.W. Holmes
  • Square Footage: 50,000
  • Price Per Square Foot: $148

Mike Ogasapian, representing R.W. Holmes, served as the broker in this transaction.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker

Woburn 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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93