Greatland Realty Partners Acquires 33,000 SF Office Building In Lexington, MA For $17.9M
SOLD
$17,900,000
Massachusetts
See Similar DealsOffice33,000 SF
Sold 10/11/2022
SOLD
Greatland Realty Partners Acquires 33,000 SF Office Building In Lexington, MA For $17.9M
25 Hartwell Avenue, Lexington, Massachusetts 02421, United States
See Similar DealsOffice33,000 SF
Sold 10/11/2022
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$542
Total Square Footage:33,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$954,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,594.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,855.13
Annual Debt Service$1,018,261.59
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