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112 Canal St, Boston, Massa...

Eugene F. Delfavero Acquires Office Building In Boston For $24M
SOLDOffice

Eugene F. Delfavero Acquires Office Building In Boston For $24M

112 Canal St, Boston, Massachusetts, USA

$24,000,000

$422/SF

Building Size

56,840 SF

Asset Type

Office

Closing

Aug 5, 2021

AI

A four-unit office property located at 112-118 Canal St in Boston, MA has been sold in a recent transaction. The property spans 56,840 square feet and was sold for a total price of $24,000,000, resulting in a price per unit of $6,000,000 and a price per square foot of $422. The sale took place on 08/06/2021.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $24,000,000
  • Units: 4
  • Price Per Unit: $6,000,000
  • Square Footage: 56,840
  • Price Per Square Foot: $422
  • Address: 112-118 Canal St, Boston, MA
  • Market: Boston, MA

The buyer of the property is Eugene F. Delfavero, while the seller is Joseph D. Slesar.

Players

Eugene F. DelFavero

Alcion Ventures

Buyer

$99.6M

vol

5 deals

Buyer

Boston 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93