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34 Southwest Park, Westwood...

Gate House Ventures Acquires Office Building In Westwood, MA For $2.2M
SOLDOffice

Gate House Ventures Acquires Office Building In Westwood, MA For $2.2M

34 Southwest Park, Westwood, Massachusetts 02090, United States

$2,200,000

$203/SF

Building Size

10,800 SF

Asset Type

Office

Closing

Feb 17, 2022

AI

Gate House Ventures has acquired an office property in Westwood, MA for a total price of $2,200,000. The property, located at 34-36 Southwest Park, spans approximately 10,800 square feet. The sale price per square foot is $204.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,200,000
  • Address: 34-36 Southwest Park, Westwood, MA
  • Market: Westwood, MA

The buyer, Gate House Ventures, was represented by Mike Fahy from R.W Holmes Realty. The seller's representative in the deal was Neil Schneider from McCall & Almy.

Players

Neil Schneider

Broker

$2.2M

vol

1 deal

Broker

Westwood 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93