facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

24 Superior Dr, Natick, Mas...

MathWorks Acquires Office Building In Natick, MA For $17.6M
SOLDOffice

MathWorks Acquires Office Building In Natick, MA For $17.6M

24 Superior Dr, Natick, Massachusetts 01760, United States

$17,600,000

$164/SF

Building Size

107,300 SF

Asset Type

Office

Closing

Aug 4, 2022

AI

The office property located at 24 Superior Drive in Natick, MA has been sold in a transaction. The buyer, MathWorks, acquired the property from the seller, LMF Cochituate Corp. The deal was facilitated by brokers Garry Holmes and Elizabeth Holmes from R.W. Holmes. The transaction took place on 08/05/2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,600,000
  • Square Footage: 107,300
  • Price Per Square Foot: $164
  • Address: 24 Superior Drive, Natick, MA
  • Market: Natick, MA

The sale of the property marks a significant transaction in the office market. MathWorks, as the buyer, recognized the value of the property and the potential it holds for their business. With the assistance of Garry Holmes and Elizabeth Holmes from R.W. Holmes, the deal was successfully closed. This transaction demonstrates the continued activity and demand in the commercial real estate market in Natick, MA.

Players

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

Natick Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.90%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93