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36 Nason Street

Fly By Night Furniture Purchases Historic Office Building In Maynard From The Paper Store For $1.4M
SOLDOffice

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.

Players

Keith Gurtler

O’Brien Commercial Properties

Broker

$1.4M

vol

1 deal

Broker

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