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1002 Beacon St

Xiao Investment Company V, LLC Acquires Mixed-use Property At 1002 Beacon St For $5.5M
SOLDMixed-use

Xiao Investment Company V, LLC Acquires Mixed-use Property At 1002 Beacon St For $5.5M

1002 Beacon St

$5,500,000

$660/SF

Building Size

8,325 SF

Asset Type

Mixed-use

Closing

Nov 29, 2016

AI

The property asset involved in this transaction is a mixed-use building located at 1002 Beacon St in Brookline. The transaction was completed for a total price of $5,500,000.00, encompassing a square footage of 8,325.0.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,500,000.00
  • Address: 1002 Beacon St
  • Market: Brookline
  • Square Footage: 8,325.0
  • Buyer: Xiao Investment Company V, LLC
  • Seller: 1002 Beacon Street, LLC
  • Brokers: Herb Entwistle - Douglas Elliman

The key individuals in this transaction include the buyer, Xiao Investment Company V, LLC, and the seller, 1002 Beacon Street, LLC. Herb Entwistle from Douglas Elliman represented the seller in this deal, facilitating the transaction on behalf of the seller's interests.

Players

Herb Entwistle
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Herb Entwistle

Douglas Elliman

Broker

$40.9M

vol

5 deals

Broker

Xiao Investment Company V, LLC

Buyer
Buyer

1002 Beacon Street, LLC

Seller
Seller

Brookline 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93