Updated Dec 2, 2024
Greystar Acquires Development Site In Everett, MA For $50M
119 Boston St, Everett, Massachusetts, USA
$50,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 11, 2020
About this deal
AI
A development site located at 119 & 85 Boston St in Everett, MA has been sold for $50,000,000. The property spans across 6 acres, resulting in a price per acre of $8,333,333. The transaction took place on June 11, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $50,000,000
The seller of the development site was Thibeault Development, represented by William Thibeault. The buyer, Greystar, was represented by Bob Faith.
The development site sale at 119 Boston St, Everett, Massachusetts, USA in Everett, Massachusetts sold for $50M in 2020. 119 Boston St, Everett, Massachusetts, USA is classified as Development Site on Traded. Named participants on the 119 Boston St, Everett, Massachusetts, USA sale are Bob Faith, William Thibeault. This page is the Everett, Massachusetts file for the 119 Boston St, Everett, Massachusetts, USA development site sold: pricing, party profiles, and other closed development site comps from the same Everett sit in the Market section below. Filter that Everett development site set by closing date to see what else sold near 119 Boston St, Everett, Massachusetts, USA around 2020. Published consideration for 119 Boston St, Everett, Massachusetts, USA is $50M, dated 2020. Cite this Greystar Acquires Development Site In Everett, MA For $50M sale when underwriting similar development site product around Everett, Massachusetts.
On the Map
$50,000,000
Development Site
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Players
Everett 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93