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123-129 Salem Street, Bosto...

Apisit Limlomwongse Acquires Mixed-Use Property In Boston For $8.8M
SOLDMixed-use

Apisit Limlomwongse Acquires Mixed-Use Property In Boston For $8.8M

123-129 Salem Street, Boston, Massachusetts 02113, United States

$8,800,000

$832/SF

Building Size

10,566 SF

Asset Type

Mixed-use

Closing

May 2, 2022

AI

A mixed-use property located at 123-129 Salem St in Boston, MA, has been sold for a total transaction amount of $8,800,000. The property spans 10,566 square feet, resulting in a price per square foot of $833. The sale was finalized on 05/03/2022.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $8,800,000
  • Address: 123-129 Salem St, Boston, MA
  • Market: Boston, MA

Apisit Limlomwongse of Nexus Innovation of Boston has acquired the property from Torrington Properties. Representing the buyer in this transaction was Kim Clark. On the other hand, John Federico from Foley/Federico - Great Metro served as the seller's representative. The deal was successfully closed with the involvement of these key individuals and companies.

Players

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

Apisit Limlomwongse

Nexus Innovation of Boston

Buyer

$59.3M

vol

4 deals

Buyer
Torrington Properties
Torrington PropertiesSeller

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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93