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1093 Beacon Street

Matt Ramey Of Concept Properties Acquires 14,000 SF Office Building In Brookline For $6.2M
SOLDOffice

Matt Ramey Of Concept Properties Acquires 14,000 SF Office Building In Brookline For $6.2M

1093 Beacon Street

$6,200,000

$442/SF

Building Size

14,000 SF

Asset Type

Office

Closing

Aug 15, 2024

AI

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

Todd Glaskin

Coldwell Banker

Broker

$109.8M

vol

23 deals

Broker

Brookline Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93