Updated Oct 28, 2024
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
About this deal
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
- 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.
On the Map
$4,850,000
$171/SF
Office
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Players
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