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The Base Acquires Mixed-Use Property At 140-150 Shirley Street Roxbury For $3,039,225
SOLD
$3,039,225
Massachusetts
See Similar DealsMixed-use
Sold 08/29/2024
SOLD
The Base Acquires Mixed-Use Property At 140-150 Shirley Street Roxbury For $3,039,225
140 Shirley Street & 150 Shirley Street
See Similar DealsMixed-use
Sold 08/29/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use building located at 140-150 Shirley Street in Roxbury, MA. The sale was completed for a total of $3,039,225. This facility, which was opened in 2019, is intended to support the expansion of programming and services offered by the buyer.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,039,225
- Buyer: The Base
- Sale Date: 08/29/2024
- Address: 140-150 Shirley Street, Roxbury, MA
- Market: Roxbury, MA
The Base acquired the property to further its mission of enhancing health and wellness for young people and their families within the community. This acquisition is aimed at bolstering their existing services and outreach efforts in the area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,091.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,797.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,407.48
Annual Debt Service$172,889.72
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