Updated Jul 8, 2025
William Low Of L&P Commercial Sells Medical Office Building In Boston For $2.4M
294 North Street
$2,400,000
$104/SF
Building Size
23,000 SF
Asset Type
Medical Office
Closing
Jul 4, 2025
About this deal
AI
A 23,000-square-foot medical office building located at 294 North Street in Boston, MA, was sold for $2,400,000. The property transaction occurred in an off-market deal.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,400,000
- Address: 294 North Street
- Market: Boston, MA
- Square Footage: 23,000
- Price Per Square Foot: $104
- Seller: L&P Commercial
- Broker: William Low - L&P Commercial
William Low of L&P Commercial represented the seller in this transaction, successfully brokering the sale of the medical office property.
Players
Boston Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93