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.
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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