Updated Dec 21, 2023
Gordon Brothers Acquires 7.11 Acre Research & Development Property In Norwood, MA For $24.5M
2 Edgewater Drive, Norwood, Massachusetts 02062, United States
$24,500,000
$249/SF
Building Size
98,157 SF
Asset Type
Other
Closing
Oct 17, 2022
About this deal
AI
The Research & Development property located at 2 Edgewater Drive in Norwood, MA has been sold. The property spans across 7.11 acres and encompasses a total of 98,157 square feet. The sale took place on October 18, 2022.
Summary of Transaction Details
- Property Type: Research & Development
- Transaction Amount: $24,500,000
- Address: 2 Edgewater Drive, Norwood, MA
- Market: Norwood, MA
- Square Footage: 98,157
- Price per Square Foot: $250
Gordon Brothers, represented by Alyssa Coughlin, and Ciminelli Real Estate Corporation, represented by Ryan Zebro, acquired the property. Alyssa Coughlin and Ryan Zebro, from their respective agencies, played a key role in the transaction.
Players
Norwood Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93