R.J. Kelly Co Acquires 42,548 SF Office Property On Cochituate Road In Framingham, MA
SOLD
$12,400,000
+ 1
Massachusetts
See Similar DealsOffice425,480 SF
Sold 09/07/2020
SOLD
R.J. Kelly Co Acquires 42,548 SF Office Property On Cochituate Road In Framingham, MA
405 Cochituate Rd, Framingham, MA 01701, USA
See Similar DealsOffice425,480 SF
Sold 09/07/2020
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$29
Total Square Footage:425,480 SF
Transaction Type:Sale
The office property located at 405 Cochituate Road in Framingham, MA has been sold for a total price of $12,400,000. The property spans across 42,548 square feet, with a price per square foot of $291.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,400,000
- Address: 405 Cochituate Road, Framingham, MA
- Market: Framingham, MA
- Square Feet: 42,548
- Price per Square Foot: $291
The seller of the property is Park Square Revival Corp, while the buyer is R.J. Kelly Co, represented by Benjamin May. The deal was facilitated by the brokers from Colliers International, namely Frank Petz, John Nasca, Jeff Black, and Bryan Koop.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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