Updated Oct 28, 2024
Nbp 3 Griffin Way LLC Acquires Mixed-Use Property In Chelsea, MA For $87.65M
2 Griffin Way, Chelsea, MA, USA
$87,650,000
$14,726/SF
Building Size
5,952 SF
Asset Type
Mixed-use
Closing
Jun 15, 2021
About this deal
AI
A mixed-use property located at 2 Griffin Way in Chelsea, MA has been sold for a total of $87,650,000. The transaction took place on June 16, 2021. The property's market value and square footage were not provided in the available information.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $87,650,000
- Address: 2 Griffin Way, Chelsea, MA
The seller of the property was Griffin Way LLC, while the buyer was NBP 3 Griffin Way LLC.
The mixed use sale at 2 Griffin Way, Chelsea, MA, USA in Chelsea, Massachusetts sold for $87.7M in 2021. The building is 5,952 square feet, implying about 14.7K per square foot on the published price. This page is the Chelsea, Massachusetts file for the 2 Griffin Way, Chelsea, MA, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Chelsea sit in the Market section below. Filter that Chelsea mixed use set by closing date to see what else sold near 2 Griffin Way, Chelsea, MA, USA around 2021. Published consideration for 2 Griffin Way, Chelsea, MA, USA is $87.7M, dated 2021. Cite this Nbp 3 Griffin Way LLC Acquires Mixed-Use Property In Chelsea, MA For $87.65M sale when underwriting similar mixed use product around Chelsea, Massachusetts.
Players
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93