Kinvarra Capital Acquires Development Site In Somerville, MA For $3.47M

121 Prospect St in Somerville, MA has been sold in a recent transaction. The development site was purchased by Kinvarra Capital from Prospect - Houghton Realty Trust. The deal was facilitated by Daniel Dewing of Boston Realty Advisors.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,470,000
• Address: 121 Prospect St, Somerville, MA
• Market: Somerville, MA
• SF: 10,063
• PPSF: $345
• BSF: 29,000
• PPBSF: $120

Daniel Dewing of Boston Realty Advisors played a key role as the broker representing both parties in the transaction. This deal highlights the active real estate market in Somerville, MA, with Kinvarra Capital securing a valuable development site for $3,470,000.