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100 Kings Road

Madison YMCA Purchases Office Property In Madison For $1.07M With Seller's Rep
SOLDOffice

Madison YMCA Purchases Office Property In Madison For $1.07M With Seller's Rep

100 Kings Road

$1,070,000

$140/SF

Building Size

7,600 SF

Asset Type

Office

Closing

Mar 22, 2024

AI

The property located at 100 Kings Road in Madison, a 7,600 square foot office, was recently sold for $1,070,000, at a price per square foot of $141. The transaction was finalized on March 22, 2024, with the seller being represented by Michael Taccetta from Newmark Associates CRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,070,000
  • Buyer: Madison YMCA
  • Seller's Rep: Michael Taccetta - Newmark Associates CRE
  • Market: Madison
  • Address: 100 Kings Road

The Madison YMCA expanded their facilities by acquiring the property adjacent to their current location. This strategic purchase will allow them to enhance their services to the community of Madison, showcasing their commitment to better serve their members.

Players

Michael Taccetta

Newmark Associates

Broker

$8.3M

vol

3 deals

Broker

Madison Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.83%

Cash-on-Cash

-4.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93