Boston Common, LLC Acquires Medical Office In Bedford, MA For $5.75M
SOLD
$5,750,000
Massachusetts
See Similar DealsOffice3,501 SF
Sold 09/13/2021
SOLD
Boston Common, LLC Acquires Medical Office In Bedford, MA For $5.75M
41-55 North Road, Bedford, Massachusetts, USA
See Similar DealsOffice3,501 SF
Sold 09/13/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$1,642
Total Square Footage:3,501 SF
Transaction Type:Sale
The medical office located at 41-55 North Road in Bedford, MA has been sold for a transaction price of $5,750,000. The property, which was part of a recent sale, was acquired by Boston Common, LLC from the seller, Oxford Entities. The sale was facilitated by Jeremy Cyrier from MANSARD, who represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $5,750,000
Boston Common, LLC, the buyer in this transaction, successfully acquired the medical office located at 41-55 North Road in Bedford, MA. The seller, Oxford Entities, agreed to sell the property at a price of $5,750,000. Jeremy Cyrier from MANSARD acted as the broker and represented both the buyer and seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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