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248 Main Street, Reading, M...

C&S Capital Properties LLC Acquires Office Building On Main Street, Reading, MA For $2.35M
SOLDOffice

C&S Capital Properties LLC Acquires Office Building On Main Street, Reading, MA For $2.35M

248 Main Street, Reading, MA, USA

$2,350,000

$130/SF

Building Size

18,000 SF

Asset Type

Office

Closing

Jan 28, 2021

AI

The office property located at 248 Main Street in Reading, MA has been sold for $2,350,000. The transaction took place on January 29, 2021. The property spans a total area of 18,000 square feet, resulting in a price per square foot of $131. The seller of the property was Carter & Coleman Realty Trust, while the buyer was C&S Capital Properties LLC. The deal was facilitated by Jeremy Cyrier from MANSARD.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,350,000
  • Address: 248 Main Street, Reading, MA
  • Market: Reading, MA
  • Square Footage: 18,000
  • Price per Square Foot: $131
  • Seller: Carter & Coleman Realty Trust
  • Buyer: C&S Capital Properties LLC
  • Broker: Jeremy Cyrier - MANSARD

Jeremy Cyrier from MANSARD played a key role as the broker in this transaction. Their expertise and negotiation skills helped in successfully closing the deal between Carter & Coleman Realty Trust and C&S Capital Properties LLC.

Players

Jeremy Cyrier

Broker

$45.6M

vol

12 deals

Broker
CL
C&S Capital Properties LLCBuyer

Reading 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93