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11 Pleasant Street Connecto...

Updated Oct 29, 2024

Framingham Ofc Realty LLC Acquires Office Property On Pleasant Street Connector In Framingham, MA For $3.2M
SOLDOffice

Framingham Ofc Realty LLC Acquires Office Property On Pleasant Street Connector In Framingham, MA For $3.2M

11 Pleasant Street Connector, Framingham, MA, USA

$3,200,000

$125/SF

Building Size

25,500 SF

Asset Type

Office

Closing

Mar 14, 2021

About this deal

AI

Located in Framingham, MA, the office building at 11 Pleasant Street Connector has recently been sold in a transaction that took place on March 15, 2021. The property, which spans 25,500 square feet, is owned by 9-11 Pleasant St LLC. Framingham Ofc Realty Llc acted as the buyer in this deal, with a sale price of $3,200,000. The asking price for the property was $4,000,000, resulting in a price per square foot of $125.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,200,000
  • Seller: 9-11 Pleasant St LLC
  • Buyer: Framingham Ofc Realty Llc
  • Seller's Representative: Michael Belinski
  • Buyer's Representative: Vincent Rizzo
  • Address: 11 Pleasant Street Connector, Framingham, MA
  • Market: Framingham, MA
  • Square Feet: 25,500
  • Price per Square Foot: $125

Michael Belinski represented the seller, 9-11 Pleasant St LLC, in this transaction, while Vincent Rizzo acted as the representative for the buyer, Framingham Ofc Realty Llc. The deal was finalized for a sale price of $3,200,000, with the property spanning a total of 25,500 square feet.

Players

Vincent Rizzo

Douglas Elliman

Broker

$15.7M

vol

7 deals

Broker

Framingham Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $125 per square foot on a published $3.2M for 25,500 square feet (2021).

Visit Vincent (Vinny) Rizzo to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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