Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,925,000
$289/SF
Office
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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