MIG Acquires Package Deal In Boston, MA For $2.7M
SOLD
$2,725,000
Massachusetts
See Similar Deals10,837 SF
Sold 06/24/2022
SOLD
MIG Acquires Package Deal In Boston, MA For $2.7M
01 Armandine Street, Boston, Massachusetts 02124, United States
See Similar Deals10,837 SF
Sold 06/24/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$251
Total Square Footage:10,837 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68
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