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15 Berkshire Road, Mansfiel...

Summit Energy Acquires Office In Mansfield, MA For $4.85M
SOLDOffice

Summit Energy Acquires Office In Mansfield, MA For $4.85M

15 Berkshire Road, Mansfield, Massachusetts 02048, United States

$4,850,000

$171/SF

Building Size

28,220 SF

Asset Type

Office

Closing

Sep 13, 2022

AI

Located at 15 Berkshire Rd in Mansfield, MA, this office property was recently sold in a transaction. The property, with a total area of 28,220 square feet, was sold for a price of $4,850,000. The sale price translates to approximately $172 per square foot.

Summary of transation details

Tim Latham, Ellison Patten, James Tambone, and Chris Devaux from Lincoln Property Company Boston represented the buyer and seller in this transaction.

Players

Tim Latham

Lincoln Property Company

Broker

$4.9M

vol

4 deals

Broker

Mansfield 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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93