Norwell Holdings, LLC Acquires Office Building In Norwell, MA For $2.5M
133 Washington Street, Norwell, Massachusetts 02061, United States
$2,459,000
$102/SF
Building Size
24,000 SF
Asset Type
Office
Closing
Sep 22, 2022
AI
Located at 133, 137, and 141 Washington St in Norwell, MA, this office property was recently sold in a closed transaction. The sale took place on September 23, 2022, with a sale price of $2,459,000. The property spans across 24,000 square feet, resulting in a price per square foot of $102. The buyer of the property was Norwell Holdings, LLC, while the seller was JPC Norwell RT. The buyer was represented by Walter Sullivan, while Paul Durgin from Conway Commercial represented the seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,459,000
- Address: 133, 137, and 141 Washington St, Norwell, MA
- Market: Norwell, MA
Paul Durgin from Conway Commercial and Walter Sullivan served as the seller's and buyer's representatives, respectively, in this transaction.
Norwell 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
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93