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17 Whitney Rd, Quincy, Mass...

Matthew Pierce Of Marcus & Millichap Sells Office Building In Quincy, MA For $1.05M
SOLDOffice

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.

Players

Matthew Pierce

Marcus & Millichap

Broker

$54.6M

vol

12 deals

Broker

Quincy 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93