Updated Oct 28, 2024
Outshine Properties & Jadian Capital Acquire Office Building In Westwood, MA For $32M
690 Canton Street, Westwood, Massachusetts 02090, United States
$32,000,000
$194/SF
Building Size
164,695 SF
Asset Type
Office
Closing
Apr 6, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 690 Canton St in Westwood, MA. The property spans approximately 164,695 square feet with a sale price of $32,000,000, resulting in a price per square foot of $194. The transaction took place on 04/07/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,000,000
- Address: 690 Canton St, Westwood, MA
- Market: Westwood, MA
- Buyer: Outshine Properties & Jadian Capital
- Seller: L&B Realty Advisors
- Brokers: Robert Griffin, Edward Maher, Matthew Pullen & Samantha Hallowell - Newmark
- SF: 164,695
- Price per Square Foot: $194
The buyer in this transaction is Outshine Properties & Jadian Capital, while the seller is L&B Realty Advisors. The deal was facilitated by the brokerage team consisting of Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark.
Players
Westwood 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93