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3326 Washington Street

ELDEV Washington Purchases Development Site From Washington Alfa In Jamaica Plain For $2.125M
SOLDDevelopment Site

ELDEV Washington Purchases Development Site From Washington Alfa In Jamaica Plain For $2.125M

3326 Washington Street

$2,125,000

$172/SF

Building Size

12,304 SF

Asset Type

Development Site

Closing

Aug 2, 2024

AI

The development site located at 3326 Washington Street in Jamaica Plain, MA, was sold for $2,125,000. The property covers a total square footage of 12,304, with a price per square foot of $172. The building flexibility with a total built square footage of 35,273 translates to a price per built square foot of $60.

Summary of transaction details:

The transaction involved a combination of brokers from Cushman & Wakefield, highlighting the collaboration among Jonathan Bryant, Christopher Sower, Bruce Lusa, Kevin Jones, John Flaherty, Julie Regan, and Mary VanNatta. These individuals played key roles in facilitating the sale between ELDEV Washington and Washington Alfa.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker

Jamaica Plain 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

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93