Updated Mar 26, 2025
624 Worcester Road LLC Acquires Office Asset From Hebert Realty Trust For $1.525M
624 Worcester Rd
$1,525,000
Building Size
—
Asset Type
Office
Closing
May 10, 2019
About this deal
AI
The property asset involved in this transaction is an office located at 624 Worcester Rd in Framingham. The transaction was completed for a price of $1,525,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,525,000.00
- Buyer: 624 Worcester Road Llc
- Seller: Hebert Realty Trust
- Broker: Roberto Magno, Castlearch Property Advisors
- Sale Date: 05/10/2019
The deal involved key individuals, including Roberto Magno from Castlearch Property Advisors, who represented the transaction. The buyer was identified as 624 Worcester Road Llc, while Hebert Realty Trust served as the seller.
On the Map
$1,525,000
Office
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Players
Framingham 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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93