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624 Worcester Rd

624 Worcester Road LLC Acquires Office Asset From Hebert Realty Trust For $1.525M
SOLDOffice

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

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.

Players

Roberto Magno

Castlearch Property Advisors

Broker

$21.8M

vol

13 deals

Broker
6L
624 Worcester Road LlcBuyer
HT
Hebert Realty TrustSeller

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