Stonegate Group Management Acquires Office Building In Natick, MA For $2.75M With Buyer's Rep Marlene Aron & Seller's Rep Craig Johnston
235 West Central Street, Natick, MA, USA
$2,750,000
$105/SF
Building Size
26,000 SF
Asset Type
Office
Closing
Apr 8, 2021
AI
An office property located at 235 W Central Street in Natick, MA has been sold in a recent transaction. The property spans across 26,000 square feet and was sold for a total price of $2,750,000, at a price per square foot of $106. The sale took place on April 9, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,750,000
- Address: 235 W Central Street, Natick, MA
- Market: Natick, MA
- Property Size: 26,000 sqft
The seller, CRC Realty Associates LLC, represented by J.M. Schapiro and David P. Donato, sold the property to Stonegate Group Management LLC. The buyer was represented by Sean McGrath and Dean Calivas. Craig Johnston from RW Holmes acted as the seller's representative, while Marlene Aron from Metrowest Commercial Real Estate represented the buyer.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93