Updated Aug 25, 2026
JLCD Development LLC Acquires Mixed-Use Property In Dorchester For $4.8M
554 Columbia Rd, Boston, MA 02125, USA
$4,800,000
$21/SF
Building Size
225,260 SF
Asset Type
Mixed-use
Closing
Apr 2, 2020
About this deal
AI
A mixed-use property located at 554-562 Columbia Road in Dorchester has recently been sold. The property, spanning 22,526 square feet, was sold for a total price of $4,800,000. This translates to a price per square foot of $213. The transaction involved the sale of 21 units, resulting in a price per unit of $228,571. The seller of the property was Nicholas Verenis.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $4,800,000
- Square Footage: 22,526
- Price per Square Foot: $213
- Number of Units: 21
- Price per Unit: $228,571
The buyer of the property was JLCD Development LLC, represented by Mike Rooney. The transaction was facilitated by Drew Kirkland and Tim McGeary from NortheastPCG.
Players
Boston 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93