Updated Oct 29, 2024
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
Framingham 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93