Daily limit: 0/10
Matt Ramey Of Concept Properties Acquires 14,000 SF Office Building In Brookline For $6.2M
SOLD
Massachusetts
See Similar DealsOffice14,000 SF
Sold 08/15/2024
SOLD
Matt Ramey Of Concept Properties Acquires 14,000 SF Office Building In Brookline For $6.2M
1093 Beacon Street
See Similar DealsOffice14,000 SF
Sold 08/15/2024
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$442
Total Square Footage:14,000 SF
Transaction Type:Sale
This transaction involved the sale of an office building located at 1093 Beacon Street in Brookline, MA. The property spans over 14,000 square feet and was sold for $6,200,000, resulting in a price per square foot of $443.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,200,000
- Address: 1093 Beacon Street
- Market: Brookline, MA
- Square Footage: 14,000
- Price per Square Foot: $443
- Buyer: Matt Ramey - Concept Properties
- Sellers: Mark Blotner - Kinross Real Estate LLC & Lloyd Rosenthal - Greenline Realty LLC
- Broker Representatives: Gregg Leppo & Todd Glaskin - Coldwell Banker
Todd Glaskin and Gregg Leppo from Coldwell Banker Commercial Realty facilitated the sale of the property, highlighting their role in arranging the transaction successfully.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
Is there something missing? Send suggestions