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

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SOLD
$3,200,000

Massachusetts

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Office25,500 SF
Sold 03/15/2021
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Property Image
SOLD

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

11 Pleasant Street Connector, Framingham, MA, USA

See Similar Deals
Office25,500 SF
Sold 03/15/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:25,500 SF
Transaction Type:Sale

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 (Vinny) Rizzo
7 deals$15.7M volume(781) 244-0705
BROKER

Details

SOLD
IMAGE: Vincent Rizzo DATE: 03/15/2021 ADDRESS: 11 Pleasant Street Connector MARKET: Framingham, MA ASSET TYPE: Office SELLER: 9-11 Pleasant St LLC BUYER: Framingham Ofc Realty Llc SELLER'S REP: Michael Belinski BUYER'S REP: Vincent Rizzo ASKING PRICE: $4,000,000 SALE PRICE: $3,200,000 SF: 25,500 ~ PPSF: $125

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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