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
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