Updated Oct 29, 2024
King Street Properties Acquisitions, LLC Acquires Office Property In Norwood, MA For $16.6M
575 University Avenue, Norwood, MA, USA
$16,600,000
$190/SF
Building Size
87,177 SF
Asset Type
Office
Closing
Dec 17, 2020
About this deal
AI
Jumbo Capital has sold an office property located at 575 University Avenue in Norwood, MA. The transaction took place on December 18, 2020, with a sale price of $16,600,000. The property has a total area of 87,177 square feet, resulting in a price per square foot of $190.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,600,000
- Address: 575 University Avenue
- Market: Norwood, MA
The buyer in this transaction is King Street Properties Acquisitions, LLC, represented by Tom Ragno. Tom Ragno is the broker from King Street Properties Acquisitions, LLC.
Players
Norwood Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93