Matthew Pierce Of Marcus & Millichap Sells Office Building In Quincy, MA For $1.05M
17 Whitney Rd, Quincy, Massachusetts, USA
$1,050,000
$253/SF
Building Size
4,150 SF
Asset Type
Office
Closing
Nov 24, 2021
AI
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.
Quincy 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93