Summit Energy Acquires Office In Mansfield, MA For $4.85M
SOLD
$4,850,000
+ 1
Massachusetts
See Similar DealsOffice28,220 SF
Sold 09/13/2022
SOLD
Summit Energy Acquires Office In Mansfield, MA For $4.85M
15 Berkshire Road, Mansfield, Massachusetts 02048, United States
See Similar DealsOffice28,220 SF
Sold 09/13/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$171
Total Square Footage:28,220 SF
Transaction Type:Sale
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
- Property Type: Office
- Transaction Amount: $4,850,000
- Seller: Telco Systems
- Buyer: Summit Energy
- BROKERS: Tim Latham, Ellison Patten, James Tambone & Chris Devaux - Lincoln Property Company Boston
- Date: 09/13/2022
Tim Latham, Ellison Patten, James Tambone, and Chris Devaux from Lincoln Property Company Boston represented the buyer and seller in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
Is there something missing? Send suggestions