Matthew Pierce Of Marcus & Millichap Sells Office Building In Quincy, MA For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsOffice4,150 SF
Sold 11/24/2021
SOLD
Matthew Pierce Of Marcus & Millichap Sells Office Building In Quincy, MA For $1.05M
17 Whitney Rd, Quincy, Massachusetts, USA
See Similar DealsOffice4,150 SF
Sold 11/24/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$253
Total Square Footage:4,150 SF
Transaction Type:Sale
The office property located at 17 Whitney Rd in Quincy, MA has been sold for a price of $1,050,000. The sale took place on November 24, 2021. The property spans a total of 4,150 square feet, resulting in a price per square foot of $253. The transaction was facilitated by Matthew Pierce from the brokerage firm Marcus & Millichap.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,050,000
- Address: 17 Whitney Rd, Quincy, MA
- Market: Quincy, MA
- Square Footage: 4,150
- Price per Square Foot: $253
- Broker: Matthew Pierce - Marcus & Millichap
The deal was successfully closed with the assistance of Matthew Pierce, who represented the buyer and/or seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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