Updated Sep 9, 2024
Marcus & Millichap Sells Office Building In Waltham, MA For $3.4M With Brokers Harrison Klein & Luigi Lessa
230 Second Avenue, Waltham, Massachusetts 02451, United States
$3,400,000
$212,500/SF
Building Size
16 SF
Asset Type
Office
Closing
Sep 12, 2022
About this deal
AI
An office property located at 230 Second Avenue in Waltham, MA has been sold for $3,400,000. The transaction took place on 12/09/2022. The property spans across 16,637 square feet, resulting in a price per square foot of $204.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,400,000
- Address: 230 Second Avenue, Waltham, MA
- Market: Waltham, MA
- Brokers: Harrison Klein & Luigi Lessa - Marcus & Millichap
Harrison Klein and Luigi Lessa from Marcus & Millichap represented the parties involved in this sale. They facilitated the transaction between the buyer and the seller.
Players
Waltham 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93