Fly By Night Furniture Purchases Historic Office Building In Maynard From The Paper Store For $1.4M
36 Nason Street
$1,400,000
$120/SF
Building Size
11,604 SF
Asset Type
Office
Closing
Dec 4, 2024
AI
The property involved in this transaction is located at 36 Nason Street in Maynard, MA. It is an office asset with a sale price of $1,400,000. The total square footage of the property is 11,604, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,400,000
- Buyer: Fly By Night Furniture
- Seller: The Paper Store
- Broker: Keith Gurtler - O’Brien Commercial Properties
- Square Footage: 11,604
- Price Per Square Foot: $121
- Market: Maynard, MA
Keith Gurtler from O’Brien Commercial Properties represented the seller, The Paper Store, in this transaction. The historical significance of the building as a retail space highlights its value in the area. The involvement of Fly By Night Furniture signifies their interest in establishing a presence at this location.
Maynard 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93