Updated Oct 29, 2024
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
Watertown 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93