Updated Oct 28, 2024
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
About this deal
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
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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93