Oliver Street Capital Acquires Industrial Property On Southampton Street In Boston For $12.25M
SOLD
Massachusetts
See Similar DealsIndustrial26,500 SF
Sold 11/11/2020
SOLD
Oliver Street Capital Acquires Industrial Property On Southampton Street In Boston For $12.25M
202 Southampton Street, Boston, MA, USA
See Similar DealsIndustrial26,500 SF
Sold 11/11/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$462
Total Square Footage:26,500 SF
Transaction Type:Sale
The industrial property located at 202 Southampton Street in Boston, MA has been sold for $12,250,000. The property spans an area of approximately 26,500 square feet, resulting in a price per square foot of $462. The transaction was completed on November 11, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,250,000
- Address: 202 Southampton Street, Boston, MA
- Market: Boston, MA
The seller of the property was 202 Southampton Street, LLC, represented by Milad Farahani and Mani Farahani. The buyers were Oliver Street Capital and Bain Capital Real Estate. The deal was facilitated by Michael Restivo from JLL Capital Markets.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,521.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,071.25
Annual Debt Service$696,855.00
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