Updated Oct 28, 2024
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
About this deal
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.
On the Map
$1,800,000
$102/SF
Office
View full map
Players
Norwell Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Conrad 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93