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
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