Updated Dec 4, 2024
Speen Street Realty LLC Purchases Office Property From Eastbound Realty Trust For $2.7M
83 Speen St Natick, MA 01760, USA & 89 Speen Street
$2,700,000
$160/SF
Building Size
8,400 SF
Asset Type
Office
Closing
Jul 19, 2024
About this deal
AI
The transaction involved the sale of an office property located at 83-89 Speen Street in Natick, MA. The asset spans approximately 1.03 acres and comprises 8,400 square feet of space. The sale price for the property was $2,700,000, equating to a price per square foot of $321.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,700,000
- Address: 83-89 Speen Street
- Market: Natick, MA
- Square Feet: 8,400
- Price Per Square Foot: $321
- Buyer: Speen Street Realty LLC
- Seller: Eastbound Realty Trust
- Broker: Scott Hughes - New Dover Associates
Scott Hughes, the president of New Dover Associates, Inc., facilitated the transaction, representing the seller, Eastbound Realty Trust. He successfully connected the seller with the buyer, Speen Street Realty LLC, completing the deal on July 19, 2024.
Natick 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93