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69 Proctor St Boston, MA 02...

Roxbury Prep Charter School Acquires Land In Boston, MA For $5.4M
SOLDLand

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.

Players

Christopher McMahon

Boston Realty Advisors

Broker

$19.4M

vol

2 deals

Broker

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