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125 Tremont Street, Boston,...

Updated Oct 29, 2024

Harbinger Development Acquires Mixed-use Property In Boston For $8.5M
SOLDMixed-use

Harbinger Development Acquires Mixed-use Property In Boston For $8.5M

125 Tremont Street, Boston, Massachusetts, USA

$8,500,000

$531/SF

Building Size

16,000 SF

Asset Type

Mixed-use

Closing

Apr 1, 2021

About this deal

AI

The mixed-use property located at 125 Tremont in Boston, MA was recently sold in a transaction. The sale took place on 04/02/2021, with the property being purchased for a price of $8,500,000. The property spans across 16,000 square feet, resulting in a price per square foot of $531. The transaction involved the seller, The Grossman Company, and the buyer, Harbinger Development.

Summary of transaction details:

The transaction was facilitated with the help of brokers Chris Sower, Bruce Lusa, Jon Bryant, John Flaherty, and Kevin Jones from Cushman & Wakefield. The involvement of these individuals and the companies they represent played a significant role in the successful completion of the deal.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker

Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $531 per square foot on a published $8.5M for 16,000 square feet (2021).

Visit Kevin Jones to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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