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Affiliate Of Legacy Real Estate Ventures LLC Acquires 63000 SF Property In Natick For $6.8M

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SOLD
$6,800,000

Massachusetts

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Office63,000 SF
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SOLD

Affiliate Of Legacy Real Estate Ventures LLC Acquires 63000 SF Property In Natick For $6.8M

209 W Central St, Natick, MA, 01760

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Office63,000 SF
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$107
Total Square Footage:63,000 SF
Transaction Type:Sale

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

Garry Holmes
7 deals$66.9M volume
BROKER

Legacy Real Estate Ventures, LLC
BUYER

Details

SOLD
IMAGE: 209 W Central St, Natick, MA, 01760 MARKET: Natick BUYER'S REP: Garry Holmes-R.W. Holmes Commercial Real Estate BUYER: Affiliate of Legacy Real Estate Ventures LLC SELLER: 209 W. Central Street LP PRICE: $6,800,000.00 SF: 63000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
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