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

/

120 Wells Avenue

Higher Ground Education Acquires Office Building On 120 Wells Avenue In Newton, MA For $5.4M
SOLDOffice

Higher Ground Education Acquires Office Building On 120 Wells Avenue In Newton, MA For $5.4M

120 Wells Avenue

$5,400,000

$364/SF

Building Size

14,800 SF

Asset Type

Office

Closing

Dec 7, 2022

AI

The office property located at 120 Wells Avenue in Newton, MA has been sold for a price of $5,400,000. The transaction involved a total square footage of 14,800, resulting in a price per square foot of $365. The property was purchased by Higher Ground Education from Southworth Development.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,400,000
  • Square Footage: 14,800
  • Price per Square Foot: $365
  • Address: 120 Wells Avenue, Newton, MA
  • Market: Newton, MA

The deal was facilitated by a team of brokers representing the parties involved. Meghan Huebner, Adam Meixner, Jeremy Freid, Jordan Sneider, and Tyler Capecci from 128 CRE, as well as Sarah Curry from JLL, played instrumental roles in the transaction.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker
HE
Higher Ground EducationBuyer

Newton 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93