MIG Acquires Package Deal In Boston, MA For $2.7M
01 Armandine Street, Boston, Massachusetts 02124, United States
$2,725,000
$251/SF
Building Size
10,837 SF
Asset Type
—
Closing
Jun 23, 2022
AI
The package deal at 01-103, 105-107 & 111 Armandine St in Boston, MA has been sold for a price of $2,725,000. The property spans 10,837 square feet, resulting in a price per square foot of $251. The transaction took place on June 24, 2022. The sale was facilitated by Hakim Sadler, a broker from MIG.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,725,000
- Square Footage: 10,837
- Price per Square Foot: $251
- Date: 06/24/2022
- Broker: Hakim Sadler - MIG
Hakim Sadler from MIG represented the involved parties in this sale.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93