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133 Washington Street, Norw...

Norwell Holdings, LLC Acquires Office Building In Norwell, MA For $2.5M
SOLDOffice

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.

Players

Paul Durgin

Jack Conway & Company

Broker

$14.2M

vol

6 deals

Broker

Norwell Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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