Updated Dec 21, 2023
John Mclaughlin Acquires Office On Granite Ave In Dorchester Center For $5M
159 Granite Ave, Dorchester Center, MA, USA
$5,000,000
$1,903/SF
Building Size
2,627 SF
Asset Type
Office
Closing
Mar 1, 2021
About this deal
AI
A 2,627 square foot office property located at 159 Granite Ave in Dorchester Center has been sold for $5,000,000. The property was purchased by John Mclaughlin from Paul A. Hayes. The sale price translates to a price per square foot of $1,903.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 159 Granite Ave
- Market: Dorchester Center
- Buyer: John Mclaughlin
- Seller: Paul A. Hayes
- Square Footage: 2,627
- Price per Square Foot: $1,903
John Mclaughlin acquired the office property located at 159 Granite Ave in Dorchester Center from Paul A. Hayes for a total of $5,000,000. This transaction marks an important deal in the office market, highlighting the active role played by these two individuals in the market.
Players
Dorchester Center 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93