Updated Oct 29, 2024
Core Investments Inc. Acquires Industrial Property For $5.5M In South End
25 Topeka St, Boston, MA 02118, USA
$5,500,000
$100/SF
Building Size
54,550 SF
Asset Type
Industrial
Closing
Apr 22, 2020
About this deal
AI
The industrial property located at 25-95 Topeka Street in the South End market has been sold in a closed transaction. The property spans a total area of 54,550 square feet and was sold at a price of $5,500,000, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 25-95 Topeka Street
- Market: South End
The seller in this transaction was J. Derenzo Company, represented by David Howe. The buyer was Core Investments Inc., represented by David J. Pogorelc and John Cisse.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93