Long Term Capital, LLC Acquires Mixed-Use Properties In Roxbury From Avanath Capital For $22.6M
SOLD
$22,625,000
Massachusetts
See Similar DealsMixed-use55,245 SF
Sold 09/16/2021
SOLD
Long Term Capital, LLC Acquires Mixed-Use Properties In Roxbury From Avanath Capital For $22.6M
10-16 Copeland Street
See Similar DealsMixed-use55,245 SF
Sold 09/16/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$409
Total Square Footage:55,245 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,206,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,381.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,254.04
Annual Debt Service$1,287,048.51
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