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196 Quincy St Boston, MA 02121

Updated Oct 28, 2024

CommonWealth Kitchen Acquires Industrial Property In Boston For $7M
SOLDIndustrial

CommonWealth Kitchen Acquires Industrial Property In Boston For $7M

196 Quincy St Boston, MA 02121

$7,000,000

$194/SF

Building Size

36,000 SF

Asset Type

Industrial

Closing

Feb 17, 2022

About this deal

AI

CommonWealth Kitchen, represented by Jen Faigel, has purchased an industrial property located at 196 Quincy St in Boston, MA. The transaction took place on February 18, 2022, with a sale price of $7,000,000. The property spans 36,000 square feet, resulting in a price per square foot of $194.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Date: 02/18/2022
  • Address: 196 Quincy St, Boston, MA
  • Market: Boston, MA
  • Buyer: CommonWealth Kitchen - Jen Faigel
  • Square Footage: 36,000
  • Price Per Square Foot: $194

Jen Faigel, representing CommonWealth Kitchen, played a key role in this transaction. The acquisition of the industrial property at 196 Quincy St contributes to CommonWealth Kitchen's portfolio and business goals.

Players

Boston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $194 per square foot on a published $7M for 36,000 square feet (2022).

Browse Massachusetts industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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