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
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.
Players
Everett Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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