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18 Crawford Street

Marc Savenor Acquires Office Building In Needham, MA For $1.9M
SOLDOffice

Marc Savenor Acquires Office Building In Needham, MA For $1.9M

18 Crawford Street

$1,925,000

$289/SF

Building Size

6,650 SF

Asset Type

Office

Closing

Mar 15, 2023

AI

The office property located at 18 Crawford Street in Needham, MA has been sold for a total price of $1,925,000. The property spans 6,650 square feet, resulting in a price per square foot of $289. The transaction took place on 03/15/2023.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: $1,925,000
  • Address: 18 Crawford Street, Needham, MA
  • Size: 6,650 square feet
  • Price per Square Foot: $289

Marc Savenor has acquired the property from Appraisals Unlimited. Louis Wolfson of Louis Wolfson Realty acted as the buyer's representative in the deal. The seller, Appraisals Unlimited, was represented by Jordan Sneider, Jeremy Freid, Adam Meixner, Tyler Capecci, and Meghan Huebner from 128 CRE.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Market 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

8.24%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93