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Mixed Use

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5 Ray Avenue

Benjamin Gatti Reps Seller In $1.845M Sale Of Burlington Mixed-Use Property
SOLDMixed-use

Benjamin Gatti Reps Seller In $1.845M Sale Of Burlington Mixed-Use Property

5 Ray Avenue

$1,845,000

$335/SF

Building Size

5,500 SF

Asset Type

Mixed-use

Closing

Dec 22, 2023

AI

A 5,500-square-foot freestanding flex building on 0.37 acres at 5 Ray Ave in Burlington, MA has been sold for $1.845 million. The property is a mixed-use asset and was represented by Benjamin Gatti of Greater Boston Commercial Properties, Inc.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $1,845,000
  • Size: 5,500 square feet
  • Price per square foot: $335
  • Address: 5 Ray Avenue, Burlington, MA
  • Market: Burlington, MA

Benjamin Gatti of Greater Boston Commercial Properties, Inc. served as the seller's representative in this transaction.

Players

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker

Burlington 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

8.60%

Cash-on-Cash

-2.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93