Updated Oct 29, 2024
R.J. Kelly Co Acquires 42,548 SF Office Property On Cochituate Road In Framingham, MA
405 Cochituate Rd, Framingham, MA 01701, USA
$12,400,000
$29/SF
Building Size
425,480 SF
Asset Type
Office
Closing
Sep 6, 2020
About this deal
AI
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.
On the Map
$12,400,000
$29/SF
Office
View full map
Players
Framingham Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit John Nasca to view all their deals.
Browse Massachusetts office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93