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.
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