Updated Dec 4, 2024
Anton Cela Acquires Mixed-Use Property In Weymouth, MA For $1.1M
59 Columbian Street
$1,100,000
$311/SF
Building Size
3,534 SF
Asset Type
Mixed-use
Closing
Dec 29, 2023
About this deal
AI
The mixed-use property located at 59 Columbian Street in Weymouth, MA, was sold for $1,100,000 on December 29, 2023. The property spans 3,534 square feet, resulting in a price per square foot of $311.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Buyer: Anton Cela
- Seller: Dr. Stephen Kerr - Columbian Street Realty
- Seller's Rep: Robert W. Phinney, III & Benjamin Stout - Atlantic Properties
The transaction was facilitated by the seller's representatives, Robert W. Phinney, III, and Benjamin Stout from Atlantic Properties. Anton Cela acquired the property from Dr. Stephen Kerr, marking a significant sale in the Weymouth, MA market.
Players
South Weymouth 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93