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186-190 Broadway, Chelsea, ...

186 Broadway LLC Acquires Mixed-Use Property In Chelsea, MA For $3.97M
SOLDMixed-use

186 Broadway LLC Acquires Mixed-Use Property In Chelsea, MA For $3.97M

186-190 Broadway, Chelsea, Massachusetts, USA

$3,971,000

$286/SF

Building Size

13,851 SF

Asset Type

Mixed-use

Closing

Nov 30, 2021

AI

A mixed-use property located at 186-190 Broadway in Chelsea, MA, has been sold in a recent transaction. The property, totaling 13,851 square feet, was sold for a price of $3,971,000, resulting in a price per square foot of $287. The sale took place on November 30, 2021.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $3,971,000
  • Address: 186-190 Broadway, Chelsea, MA
  • Market: Chelsea, MA

The buyer of the property is 186 Broadway LLC, represented by Mike Vienneau. The seller is Wheeler Associate Development Group LLC. The transaction was facilitated by brokers Ryan Foley and Ryan Quinn from GMRE, as well as Alyse McNelley from William Raveis.

Note: No additional information is available regarding financing or other parties involved in the transaction.

Players

Ryan Foley

Greater Metropolitan Real Estate

Broker

$51.4M

vol

14 deals

Broker
Mike Vienneau

Mike Vienneau

Buyer

$45.5M

vol

11 deals

Buyer

Chelsea 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

3.99%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93