facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

11 Pleasant Street Connecto...

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

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

Loading comparables…

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