624 Worcester Road LLC Acquires Office Asset From Hebert Realty Trust For $1.525M
SOLD
$1,525,000
Massachusetts
See Similar DealsOffice
Sold 05/10/2019
SOLD
624 Worcester Road LLC Acquires Office Asset From Hebert Realty Trust For $1.525M
624 Worcester Rd
See Similar DealsOffice
Sold 05/10/2019
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34
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