Roxbury Prep Charter School Acquires Land In Boston, MA For $5.4M
69 Proctor St Boston, MA 02119, USA
$5,400,000
$65/SF
Building Size
83,000 SF
Asset Type
Land
Closing
Jun 2, 2023
AI
Boston Realty Advisors has facilitated the purchase of land located at 69-71 Proctor Street in Boston, MA's Newmarket neighborhood. The property has been acquired by Roxbury Prep Charter School for $5.4 million. With an area of 83,000 square feet, the land will be utilized for the construction of a new high school building.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,400,000
- Square Footage: 83,000
- Property Address: 69-71 Proctor Street
- Market: Boston, MA
Representing Roxbury Prep Charter School in this deal is Chris McMahon from Boston Realty Advisors. McMahon, as the school's broker, has successfully facilitated the purchase of the land, enabling the construction of the new high school building. The acquisition of this property further strengthens Roxbury Prep Charter School's presence in the area and their commitment to providing quality education to the community.
Boston Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93