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Brave Dog Properties Acquires Norwood, MA Office For $5.3M

Property Image
SOLD
$5,300,000
Mike Fahy
Dean Blackey
+ 1

Massachusetts

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Office40,000 SF
Sold 05/17/2022
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Property Image
SOLD

Brave Dog Properties Acquires Norwood, MA Office For $5.3M

320 Norwood Park South, Norwood, Massachusetts 02062, United States

See Similar Deals
Office40,000 SF
Sold 05/17/2022
Mike Fahy
Dean Blackey
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$132
Total Square Footage:40,000 SF
Transaction Type:Sale

The commercial property located at 320 Norwood Park South in Norwood, MA has been sold. The property is an office building spanning 40,000 square feet. The transaction took place on May 17, 2022.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $5,300,000
  • Price per Square Foot: $133
  • Address: 320 Norwood Park South, Norwood, MA
  • Market: Norwood, MA

The buyer of the property was Brave Dog Properties, LLC, while the seller was 320 Enterprises, LLC. The buyer was represented by Dean Blackey, Elizabeth Holmes, and Mike Fahy from R. W. Holmes. Taryn Wilson from Newmark acted as the seller's representative in the deal.

Players

Elizabeth Holmes
12 deals$55.3M volume
BROKER

Mike Fahy
R.W. Holmes Commercial Real Estate
6 deals$27M volume
BROKER

Dean Blackey
R.W. Holmes Commercial Real Estate
11 deals$38.3M volume
BROKER

Taryn Wilson
Newmark
1 deal$5.3M volume
BROKER

Details

SOLD
IMAGE: Mike Fahy, Elizabeth Holmes & Dean Blackey DATE: 05/17/2022 ADDRESS: 320 Norwood Park South MARKET: Norwood, MA ASSET TYPE: Office BUYER: Brave Dog Properties, LLC SELLER: 320 Enterprises, LLC BUYER'S REP: Dean Blackey, Elizabeth Holmes & Mike Fahy - R. W. Holmes SELLER'S REP: Taryn Wilson - Newmark SALE PRICE: $5,300,000 SF: 40,000 ~ PPSF: $133

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$282,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45