Updated Sep 3, 2026
GJM 85 Devonshire St LLC Purchases Mixed-Use Property From KS Partners For $8.5M In Boston
85 Devonshire Street
$8,500,000
$93/SF
Building Size
91,000 SF
Asset Type
Mixed-use
Closing
Sep 2, 2026
About this deal
AI
The mixed-use asset located at 85 Devonshire Street in Boston, MA has been sold for a total price of $8,500,000. The property encompasses a total square footage of 91,000 and has a price per square foot of $93.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,500,000
- Address: 85 Devonshire Street
- Market: Boston, MA
- Square Footage: 91,000
- Price per Square Foot: $93
- Buyer: GJM 85 Devonshire St LLC / Gregory McCarthy
- Seller: Kambiz Shahbazi - KS Partners
- Acquisition Financing: RD Advisors
Gregory McCarthy, associated with GJM 85 Devonshire St LLC, completed the transaction with KS Partners represented by Kambiz Shahbazi. The deal involved securing acquisition financing from RD Advisors.
On the Map
$8,500,000
$93/SF
Mixed-use
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Players
Sag Harbor 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93