Updated Oct 28, 2024
E Boston Nbhd Health Ctr Acquires Industrial Property On Addison St For $2M
145 Addison St, Boston, MA, USA
$2,000,000
$185/SF
Building Size
10,799 SF
Asset Type
Industrial
Closing
Sep 13, 2021
About this deal
AI
The industrial property located at 143-145 Addison St in East Boston, MA was sold on September 14, 2021. The property spans a total area of 10,799 square feet and was purchased by E Boston Nbhd Health Ctr from Eric J. Barry for a price of $2,000,000. The price per square foot for the transaction was $185.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 143-145 Addison St, East Boston, MA
- Buyer: E Boston Nbhd Health Ctr
- Seller: Eric J. Barry
- Square Footage: 10,799
- Price per Square Foot ($PSF): $185
The buyer, E Boston Nbhd Health Ctr, acquired the property from the seller, Eric J. Barry. This transaction represents an investment opportunity in the industrial market of East Boston, MA.
Players
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93