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
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