Arx Urban Acquires Office Building In Waltham For $2.72M
85 Central St, Waltham, Massachusetts 02453, United States
$2,720,000
$219/SF
Building Size
12,376 SF
Asset Type
Office
Closing
Dec 7, 2021
AI
Located at 85-89 Central St in Waltham, MA, this office property was recently sold in a transaction facilitated by Adam Meixner, Jeremy Freid, Jordan Sneider, and Tyler Capecci of 128 CRE. The buyer, Arx Urban, acquired the property from Jean Tierney.
Summary of Transaction Details
- Property Type: Office
- Sale Price: $2,720,000
- Square Footage: 12,376
- Price per Square Foot: $220
- Market: Waltham, MA
This transaction marks a successful deal between Arx Urban, represented by their broker representatives Arx Urban's REP, and Jean Tierney. The property, with its 12,376 square feet of space, changed ownership at a sale price of $2,720,000, equivalent to $220 per square foot. The deal was facilitated by Adam Meixner, Jeremy Freid, Jordan Sneider, and Tyler Capecci from 128 CRE, ensuring a smooth transaction for both parties involved.
Players
Waltham 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
5.83%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93