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
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