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.
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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