Affiliate Of Legacy Real Estate Ventures LLC Acquires 63000 SF Property In Natick For $6.8M
209 W Central St, Natick, MA, 01760
$6,800,000
$107/SF
Building Size
63,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 209 W Central St, Natick, MA, 01760. It is a 63,000-square-foot office building situated on 2.9 acres near the West Natick commuter train station and the Massachusetts Turnpike. The property was sold for $6,800,000.00.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $6,800,000.00
- Address: 209 W Central St, Natick, MA, 01760
- Market: Natick
- SF: 63,000
- Buyer: Affiliate of Legacy Real Estate Ventures LLC
- Seller: 209 W. Central Street LP
- Buyer's Rep: Garry Holmes - R.W. Holmes Commercial Real Estate
Camden National Bank provided acquisition financing for the deal, facilitating the transaction between the buyer and seller represented by Garry Holmes from R.W. Holmes Commercial Real Estate.
Players
Natick 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93