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64 Pleasant Street, Waterto...

Updated Oct 29, 2024

Berkeley Investments Acquires Office Building In Watertown, MA From Sasaki For $23M
SOLDOffice

Berkeley Investments Acquires Office Building In Watertown, MA From Sasaki For $23M

64 Pleasant Street, Watertown, MA, USA

$23,000,000

$237/SF

Building Size

97,000 SF

Asset Type

Office

Closing

Feb 7, 2021

About this deal

AI

The office property located at 64 Pleasant Street in Watertown, MA has been sold for a price of $23,000,000. The transaction took place on February 8, 2021. The property spans across 97,000 square feet with a price per square foot of $237. The seller of the property was Sasaki, while the buyer was Berkeley Investments, represented by Young Park.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $23,000,000
  • Date: February 8, 2021
  • Address: 64 Pleasant Street, Watertown, MA
  • Square Footage: 97,000
  • Price per Square Foot: $237
  • Seller: Sasaki
  • Buyer: Berkeley Investments - Young Park

The deal was brokered by Young Park from Berkeley Investments. The transaction marks an important milestone in the Watertown office market, showcasing the demand for commercial properties in the area.

Players

BI
Berkeley InvestmentsBuyer

Watertown Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $237 per square foot on a published $23M for 97,000 square feet (2021).

Browse Massachusetts office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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