Fairstead & Atalaya Capital Acquires Mixed-Use Property In Brookline, MA For $74M. Simon Butler Of CBRE Represents Buyer
SOLD
$74,000,000
Massachusetts
See Similar DealsMixed-use9,999 SF
Sold 01/01/2021
SOLD
Fairstead & Atalaya Capital Acquires Mixed-Use Property In Brookline, MA For $74M. Simon Butler Of CBRE Represents Buyer
1284 Beacon Street, Brookline, MA, USA
See Similar DealsMixed-use9,999 SF
Sold 01/01/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$7,400
Total Square Footage:9,999 SF
Transaction Type:Sale
The mixed-use property located at 1284 Beacon Street in Brookline, MA has been sold for $74,000,000. The transaction took place on 01/01/2021. The property is characterized by its diverse usage, comprising both residential and commercial spaces. Simon Butler of CBRE represented the buyers, Fairstead & Atalaya Capital, in the deal.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $74,000,000
- Date: 01/01/2021
- Address: 1284 Beacon Street, Brookline, MA
- Market: Brookline, MA
- Buyer: Fairstead & Atalaya Capital
- Broker: Simon Butler - CBRE
The buyers in this transaction were represented by Simon Butler from CBRE. The successful deal highlights the demand for mixed-use properties in the Brookline, MA market.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,946,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$262,906.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$350,797.75
Annual Debt Service$4,209,573.04
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