Updated Dec 21, 2024
M.L. Schmitt Acquires Office Building At 122 Doty Circle In West Springfield For $2.08M
122 Doty Circle
$2,080,000
$120/SF
Building Size
17,280 SF
Asset Type
Office
Closing
Dec 17, 2024
About this deal
AI
The property involved in this transaction is an office building located at 122 Doty Circle in West Springfield, MA. The asset encompasses 1.39 acres, with a total square footage of 17,280. The sale price for this property was $2,080,000, equating to a price per square foot of $120.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,080,000
- Address: 122 Doty Circle
- Market: West Springfield, MA
- Acres: 1.39
- Square Footage: 17,280
- Price per Square Foot: $120
Kevin Jennings from Jennings Real Estate Services represented the seller in this transaction. Jennings Real Estate facilitated the acquisition of the property, which will serve as the new headquarters for M.L. Schmitt, supporting the company’s growth.
West Springfield Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Jennings to view all their deals.
Browse West Springfield office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93