Outshine Properties & Jadian Capital Acquire Office Building In Westwood, MA For $32M
SOLD
$32,000,000
+ 1
Massachusetts
See Similar DealsOffice164,695 SF
Sold 04/07/2022
SOLD
Outshine Properties & Jadian Capital Acquire Office Building In Westwood, MA For $32M
690 Canton Street, Westwood, Massachusetts 02090, United States
See Similar DealsOffice164,695 SF
Sold 04/07/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$194
Total Square Footage:164,695 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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