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1469 Hancock Street

Updated Oct 29, 2024

Tremont Quincy Acquires Development Site In Quincy, MA From Walcott Corporation For $7.95M
SOLDDevelopment Site

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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Deal FAQ

About $117 per square foot on a published $8M for 67,938 square feet (2023).

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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

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