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1100 Cambridge St, Cambridg...

WO RE Holdings Acquires Mixed-Use Property In Cambridge For $2.87M
SOLDMixed-use

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

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Pibin Teng

WO RE Holdings LLC

Buyer

$8.5M

vol

3 deals

Buyer
WL
WO RE Holdings LLCBuyer

Alex Steinbergh

RCG LLC

Seller

$10.3M

vol

3 deals

Seller

Cambridge 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

5.53%

Cash-on-Cash

-1.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93