SOLDOffice
Mass Properties Group LLC Acquires Office Asset From James Kane In Natick For $1.325M
230 Pond St
$1,325,000
Building Size
—
Asset Type
Office
Closing
Jul 14, 2023
AI
The property asset involved in this transaction is an office located at 230 Pond St in the Natick market. It was sold for $1,325,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,325,000.00
- Buyer: Mass Properties Group Llc
- Seller: James Kane
- Brokers: Roberto Magno of Castlearch Property Advisors
The deal involved Mass Properties Group Llc as the buyer and James Kane as the seller. Roberto Magno represented the buyer through Castlearch Property Advisors during this transaction.
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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93