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110 Canal St, Boston, Massa...

Quaker Lane And Alcion Ventures Acquire Mixed-use Property In Boston For $24M
SOLDMixed-use

Quaker Lane And Alcion Ventures Acquire Mixed-use Property In Boston For $24M

110 Canal St, Boston, Massachusetts, USA

$24,000,000

$400/SF

Building Size

60,000 SF

Asset Type

Mixed-use

Closing

Aug 27, 2021

AI

Quaker Lane, Carlos Febres-Mazzei, Alcion Ventures, and Eugene DelFavero have completed the sale of a mixed-use property located at 110 Canal St in Boston, MA. The property spans approximately 60,000 square feet and was sold for $24,000,000, resulting in a price per square foot of $400.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $24,000,000
  • Address: 110 Canal St, Boston, MA
  • Market: Boston, MA
  • Buyer: Quaker Lane - Carlos Febres-Mazzei & Alcion Ventures - Eugene DelFavero
  • Broker: CBRE

The buyer's representatives involved in the transaction were Quaker Lane and Alcion Ventures, represented by Carlos Febres-Mazzei and Eugene DelFavero, respectively. The deal was facilitated by the broker CBRE.

Players

Eugene F. DelFavero

Alcion Ventures

Buyer

$99.6M

vol

5 deals

Buyer
AV
Alcion VenturesBuyer

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93