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368 W Broadway, Boston, MA,...

Finollo Leases 4800 Square Feet At 368 W Broadway In South Boston From 376 West Broadway Enterprises
LEASED

Finollo Leases 4800 Square Feet At 368 W Broadway In South Boston From 376 West Broadway Enterprises

368 W Broadway, Boston, MA, 02127

Building Size

4,800 SF

Asset Type

Closing

Oct 18, 2016

AI

This lease transaction involves a commercial property located at 368 W Broadway, Boston, MA, 02127, situated in the South Boston market. The space comprises 4,800 square feet and is associated with the landlord, 376 West Broadway Enterprises.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 368 W Broadway, Boston, MA, 02127
  • Market: South Boston
  • Landlord's Representative: Faith Hope Consolo-Douglas Elliman
  • Tenant: Finollo
  • Landlord: 376 West Broadway Enterprises
  • Square Feet: 4800

The key individuals involved in this transaction include the landlord's representative, Faith Hope Consolo from Douglas Elliman, and the tenant, Finollo, who has secured this space for leasing within the South Boston area.

Players

Faith Hope Consolo

Douglas Elliman

Broker

$600K

vol

6 deals

Broker

South Boston CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93