Mass Properties Group LLC Acquires Office Asset From James Kane In Natick For $1.325M
SOLD
$1,325,000
Massachusetts
See Similar DealsOffice
Sold 07/14/2023
SOLD
Mass Properties Group LLC Acquires Office Asset From James Kane In Natick For $1.325M
230 Pond St
See Similar DealsOffice
Sold 07/14/2023
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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