Greatland Realty Partners Acquires 33,000 SF Office Building In Lexington, MA For $17.9M
25 Hartwell Avenue, Lexington, Massachusetts 02421, United States
$17,900,000
$542/SF
Building Size
33,000 SF
Asset Type
Office
Closing
Oct 10, 2022
AI
The office property located at 25 Hartwell Ave in Lexington, MA was recently sold in a closed transaction. The property sits on 4.1 acres and spans 33,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $17,900,000
- Price per Square Foot: $542
- Market: Lexington, MA
The buyer in this transaction was Greatland Realty Partners, while Duffy Properties acted as the seller. The sale price for this office property was $17,900,000, resulting in a price per square foot of $542.
Players
Lexington 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93