Stonegate Group Management Acquires Office Building In Natick, MA For $2.75M With Buyer's Rep Marlene Aron & Seller's Rep Craig Johnston
SOLD
$2,750,000
+ 1
Massachusetts
See Similar DealsOffice26,000 SF
Sold 04/09/2021
SOLD
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
See Similar DealsOffice26,000 SF
Sold 04/09/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$105
Total Square Footage:26,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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