facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

52 Accord Park Drive, Norwe...

Marshall Wealth Management Acquires Norwell Office Property For $1.8M
SOLDOffice

Marshall Wealth Management Acquires Norwell Office Property For $1.8M

52 Accord Park Drive, Norwell, MA, USA

$1,800,000

$102/SF

Building Size

17,500 SF

Asset Type

Office

Closing

Nov 19, 2021

AI

The property involved in this transaction is an office located at 52 Accord Park Drive, Norwell, MA. The property spans approximately 1.82 acres. The sale took place on November 19, 2021, with a sale price of $1,800,000. The total square footage of the office space is 17,500, resulting in a price per square foot of $103.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,800,000
  • Address: 52 Accord Park Drive, Norwell, MA
  • Market: Norwell, MA
  • Acres: 1.82

The buyer in this transaction is Marshall Wealth Management, represented by Mike Marshall. The brokers involved in the deal are Robert Conrad and Jim McEvoy from The Conrad Group.

Players

James McEvoy

Broker

$62.7M

vol

13 deals

Broker

Norwell 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93