Updated Sep 9, 2024
Peter Catanese Purchases Norwood Property For $5.75 Million With Representation By Craig Barker
401 Providence Hwy, Norwood, MA, 0...
$5,750,000
$230/SF
Building Size
25,000 SF
Asset Type
Other
Closing
Nov 19, 2023
About this deal
AI
A 25,000 square foot one and two story building situated on a 2.91 acre site was sold for $5.75 million at 401 Providence Highway, Norwood, MA. Bezema Providence Realty Trust was the seller of the property, which was previously used as an automobile dealership, and is located on Route 1.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $5,750,000.00
- Address: 401 Providence Hwy, Norwood, MA
- Market: Norwood
- Seller's Representative: Craig Barker
- Buyer: Peter Catanese
- Square Footage: 25,000
- Site Area: 2.91 acres
Craig Barker of Boston Real Estate Advisors represented Bezema Providence Realty Trust in this transaction. The deal was finalized with Peter Catanese as the buyer, who acquired the property for its existing use and potential future development.
On the Map
$5,750,000
$230/SF
Other
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Norwood Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93