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405 Cochituate Rd, Framingh...

R.J. Kelly Co Acquires 42,548 SF Office Property On Cochituate Road In Framingham, MA
SOLDOffice

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

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.

Players

Bryan Koop

Colliers

Broker

$697.3M

vol

9 deals

Broker
RC
R.J. Kelly CoBuyer

Framingham Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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