Updated Oct 29, 2024
Tremont Quincy Acquires Development Site In Quincy, MA From Walcott Corporation For $7.95M
1469 Hancock Street
$7,950,000
$117/SF
Building Size
67,938 SF
Asset Type
Development Site
Closing
Jan 31, 2023
About this deal
AI
A development site located at 1469 Hancock Street in Quincy, MA has been sold for $7,950,000. The property spans a total of 67,938 square feet, resulting in a price per square foot of $117. The transaction was completed on January 31, 2023, and the buyer of the site was Tremont Quincy, represented by Sam Slater of Tremont Quincy. The seller of the property was Walcott Corporation.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,950,000
- Square Footage: 67,938
- Price per Square Foot: $117
- Buyer: Tremont Quincy - Sam Slater
- Seller: Walcott Corporation
- Market: Quincy, MA
Tremont Quincy, along with their representative Sam Slater, successfully acquired the development site at 1469 Hancock Street from the Walcott Corporation. This transaction marks a significant investment opportunity in Quincy, MA.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93