Politics & Government
Framingham Office Building Sells for $6.4 Million
NAI Hunneman brokered the sale of 125 Newbury St., a 33,700 square foot multi-tenant office building for $6.4 million; Assessors valued the property at $4.498 million.
NAI Hunneman, a provider of commercial real estate services, announced Wednesday it brokered the sale of 125 Newbury St., a 33,700 square foot multi-tenant office building located off Route 30 for $6.4 Million.
NAI Hunneman senior vice presidents Doug Jacoby and Scott Dragos represented the seller, Colony Realty Partners and procured the buyer Jumbo Capital Management.
“Investors were drawn to the building due to a prime suburban location, a full tenant roster and an abundance of on-site parking, making for a very competitive bidding process,” said Jacoby.
Located in the office building is
Approximately 68% of the rentable square footage is leased to Advanced Career Technologies, a private professional training company, through August 2018, according to a Boston report. Also located in the building is , a private medical practice which aims to diagnose, treat, and support patients with sleep disorders.
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The r's office assessed the property at $4,498,200.
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