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235 West Central Street, Na...

Stonegate Group Management Acquires Office Building In Natick, MA For $2.75M With Buyer's Rep Marlene Aron & Seller's Rep Craig Johnston
SOLDOffice

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

Craig Johnston

R.W. Holmes Commercial Real Estate

Broker

$15.7M

vol

3 deals

Broker

Dean Calivas

Stonegate Group

Buyer

$8.9M

vol

2 deals

Buyer
JM Schapiro

JM Schapiro

Seller

$396M

vol

12 deals

Seller

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