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.
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