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Davis Companies Purchases 1515 Commonwealth Avenue In Brighton For $15.7 Million With Christopher Sower As Seller's Rep

Property Image
SOLD
$15,700,000

Massachusetts

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Property Image
SOLD

Davis Companies Purchases 1515 Commonwealth Avenue In Brighton For $15.7 Million With Christopher Sower As Seller's Rep

1515 Commonwealth Avenue, Boston...

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Industrial
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Summary

MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale

The property asset involved in this transaction is located at 1515 Commonwealth Avenue in Boston's Brighton neighborhood. The site was sold for $15,700,000.00 and encompasses a 2.12-acre redevelopment site. It is currently enhanced by a 58,000-square-foot structure that formerly operated as a long-term acute care hospital.

Summary of transaction details:

  • Property Type: Redevelopment Site
  • Transaction Amount: $15,700,000.00
  • Address: 1515 Commonwealth Avenue, Boston
  • Market: Brighton
  • Buyer: Davis Companies
  • Seller: Curahealth/Nautic Partners
  • Seller's Representative: Christopher Sower-Cushman & Wakefield
  • Broker Team: Christopher Sower, Scott Dragos, and Doug Jacoby of Colliers International

This transaction highlights the involvement of multiple key individuals and firms. The Davis Companies acquired the property, with representation from Christopher Sower and his team from Cushman & Wakefield, while the sellers, Curahealth/Nautic Partners, were advised by Colliers International in this deal.

Players

Christopher Sower
Cushman & Wakefield
Christopher Sower
79 deals$1B volume
BROKER

Details

SOLD
IMAGE: 1515 Commonwealth Avenue, Boston... MARKET: Brighton SELLER'S REP: Christopher Sower-Cushman & Wakefield BUYER: Davis Companies SELLER: PRICE: $15,700,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$837,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,426.01
Annual Debt Service$893,112.12