Marshall Wealth Management Acquires Norwell Office Property For $1.8M
SOLD
$1,800,000
Massachusetts
See Similar DealsOffice17,500 SF
Sold 11/19/2021
SOLD
Marshall Wealth Management Acquires Norwell Office Property For $1.8M
52 Accord Park Drive, Norwell, MA, USA
See Similar DealsOffice17,500 SF
Sold 11/19/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:17,500 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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