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Arx Urban Acquires Office Building In Waltham For $2.72M

Property Image
SOLD
$2,720,000
Jordan Sneider
Jeremy Freid
+ 1

Massachusetts

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Office12,376 SF
Sold 12/07/2021
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Property Image
SOLD

Arx Urban Acquires Office Building In Waltham For $2.72M

85 Central St, Waltham, Massachusetts 02453, United States

See Similar Deals
Office12,376 SF
Sold 12/07/2021
Jordan Sneider
Jeremy Freid
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$219
Total Square Footage:12,376 SF
Transaction Type:Sale

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

Adam Meixner
19 deals$150M volume(617) 304-6611
BROKER

Jeremy Freid
128 CRE
19 deals$150M volume(617) 959-1319
BROKER

Jordan Sneider
13 deals$129.6M volume
BROKER

Tyler Capecci
128 CRE
19 deals$150M volume(781) 640-5858
BROKER

Arx Urban
BUYER

Details

SOLD
IMAGE: Adam Meixner, Jeremy Freid, Jordan Sneider & Tyler Capecci DATE: 12/07/2021 ADDRESS: 85-89 Central St MARKET: Waltham, MA ASSET TYPE: Office BUYER: Arx Urban SELLER: Jean Tierney BROKERS: Adam Meixner (@AdamMeixner), Jeremy Freid (@jeremyafreid), Jordan Sneider (@jsneids) & Tyler Capecci (@tcapech) - 128 CRE SALE PRICE: $2,720,000 SF: 12,376 ~ PPSF: $220

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$145,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,663.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,894.19
Annual Debt Service$154,730.25