Fairstead & Atalaya Capital Acquires Mixed-Use Property In Brookline, MA For $74M. Simon Butler Of CBRE Represents Buyer
1284 Beacon Street, Brookline, MA, USA
$74,000,000
$7,400/SF
Building Size
9,999 SF
Asset Type
Mixed-use
Closing
Dec 31, 2020
AI
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.
Players
Brookline 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93