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202 Southampton Street, Bos...

Oliver Street Capital Acquires Industrial Property On Southampton Street In Boston For $12.25M
SOLDIndustrial

Oliver Street Capital Acquires Industrial Property On Southampton Street In Boston For $12.25M

202 Southampton Street, Boston, MA, USA

$12,250,000

$462/SF

Building Size

26,500 SF

Asset Type

Industrial

Closing

Nov 10, 2020

AI

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

Michael Restivo

JLL

Broker

$523.4M

vol

29 deals

Broker

Oliver Street

Bain Capital

Buyer

$365.6M

vol

10 deals

Buyer

Milad Farahani

Seller

$19.5M

vol

3 deals

Seller
Bain Capital
Bain CapitalLender

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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93