Updated Oct 28, 2024
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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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