North Colony & Paradigm Acquires Office Building On Speen St In Framingham, MA For $13M
111 Speen Street, Framingham, Massachusetts 01701, United States
$13,000,000
$110/SF
Building Size
117,353 SF
Asset Type
Office
Closing
Mar 21, 2022
AI
The office property located at 111 Speen St in Framingham, MA has been sold for a total price of $13,000,000. The transaction took place on March 22, 2022. The property spans across 117,353 square feet, resulting in a price per square foot of $111. The sale was facilitated by brokers Frank Petz and John Nasca from Colliers International. The buyer of the property is North Colony and Paradigm, while the seller is TA Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,000,000
- Date: March 22, 2022
- Address: 111 Speen St, Framingham, MA
- Square Footage: 117,353
- Price per Square Foot: $111
- Buyer: North Colony & Paradigm
- Seller: TA Realty
- Brokers: Frank Petz & John Nasca - Colliers International
The successful sale of the office property was made possible by the collaborative efforts of Frank Petz and John Nasca from Colliers International. They represented the buyer, North Colony and Paradigm, and facilitated the transaction with the seller, TA Realty.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93