Updated Oct 28, 2024
Db Pearl Owner Llc Acquires Industrial Property In Dorchester, MA For $5.52M
196-198 Quincy Street, Dorchester, Boston, Massachusetts, USA
$5,520,000
$197/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Feb 7, 2021
About this deal
AI
The industrial property located at 196-198 Quincy Street in Dorchester, MA has been sold in a recent transaction. The property spans approximately 28,000 square feet and was sold for a total price of $5,520,000, resulting in a per square foot price of $197.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,520,000
- Address: 196-198 Quincy Street, Dorchester, MA
- Market: Dorchester, MA
- Seller: Db Pearl Qalicb Llc
- Buyer: Db Pearl Owner Llc
The seller, Db Pearl Qalicb Llc, completed the sale of the property to the buyer, Db Pearl Owner Llc. The transaction highlights the active industrial market in Dorchester, MA, where the property's value was recognized. Both parties were represented by their respective brokers in the deal.
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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93