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85 Central St, Waltham, Mas...

Arx Urban Acquires Office Building In Waltham For $2.72M
SOLDOffice

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

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker
Arx Urban
Arx UrbanBuyer

Waltham Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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