Long Term Capital, LLC Acquires Mixed-Use Properties In Roxbury From Avanath Capital For $22.6M
10-16 Copeland Street
$22,625,000
$409/SF
Building Size
55,245 SF
Asset Type
Mixed-use
Closing
Sep 16, 2021
AI
A mixed-use property located at 10-16 Copeland St, 34 Waumbeck St, 115 Dale St, 256 Warren St, and 54 Holworthy St in Roxbury, MA has been sold. The transaction took place on September 17, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $22,625,000
- Units: 73
- Price per Unit (PPU): $309,932
- Square Footage (SF): 55,245
- Price per Square Foot (PPSF): $410
The buyer of the property was Long Term Capital, LLC, represented by Clifford Long. The seller was Avanath Capital Management, LLC, represented by Daryl Carter and Wesley Wilson.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93