HDJ Property Acquires Medical Office In Bridgewater For $2.45M From SRV Realty
350 Grove Street
$2,450,000
$153/SF
Building Size
16,000 SF
Asset Type
Medical Office
Closing
Aug 16, 2024
AI
The asset involved in this transaction is a medical office located at 350 Grove Street in Bridgewater. The property was sold for $2,450,000, encompassing a total area of 16,000 square feet, which translates to a price per square foot of $153.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,450,000
- Square Feet: 16,000
- Price Per Square Foot: $153
- Buyer: HDJ Property
- Seller: SRV Realty
- Brokers: Alan Cafiero, Brent Hyldahl & Devin Perez - Marcus & Millichap
- Transaction Date: 08/16/2024
Key individuals involved in the transaction include the buyer, HDJ Property, and the seller, SRV Realty. The brokers representing this deal are Alan Cafiero, Brent Hyldahl, and Devin Perez from Marcus & Millichap, facilitating the successful transaction.
Players
Bridgewater Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93