WO RE Holdings Acquires Mixed-Use Property In Cambridge For $2.87M
1100 Cambridge St, Cambridge, MA 02139, USA
$2,870,000
$39/SF
Building Size
72,960 SF
Asset Type
Mixed-use
Closing
Apr 26, 2020
AI
A mixed-use property located at 1100-1108 Cambridge Street in Cambridge has been sold for a price of $2,870,000. The property spans across 7,296 square feet, giving it a price per square foot of $393. RCG LLC, represented by Alex Steinbergh, acted as the seller in this transaction. The buyer is WO RE Holdings LLC, represented by Pibin Teng and Ben Z. Lin. The deal was facilitated by Dennis Kelleher and John Pentore of Horvath & Tremblay.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,870,000
- Square Footage: 7,296
- Price per Square Foot: $393
- Seller: RCG LLC - Alex Steinbergh
- Buyer: WO RE Holdings LLC - Pibin Teng & Ben Z. Lin
- Brokers: Dennis Kelleher & John Pentore - Horvath & Tremblay
Dennis Kelleher and John Pentore, brokers from Horvath & Tremblay, played a pivotal role in facilitating the sale of the mixed-use property at 1100-1108 Cambridge Street. Through their expertise and negotiation skills, they successfully closed the transaction between the seller, RCG LLC, represented by Alex Steinbergh, and the buyer, WO RE Holdings LLC, represented by Pibin Teng and Ben Z. Lin.
Players
Cambridge 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
5.53%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93