CC Re Investments LLC Acquires Office Building In Boston's Merchants Row For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsOffice4,304 SF
Sold 03/15/2021
SOLD
CC Re Investments LLC Acquires Office Building In Boston's Merchants Row For $1.1M
21 Merchants Row, Boston, Massachusetts, USA
See Similar DealsOffice4,304 SF
Sold 03/15/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$255
Total Square Footage:4,304 SF
Transaction Type:Sale
Located at 21 Merchants Row in Boston, MA, this office property was recently sold in a transaction. The property comprises 4,304 square feet and was sold at a price of $1,100,000, resulting in a price per square foot of $225.
Summary of transaction details
- Property Type: Office
- Sale Price: $1,100,000
- Square Footage: 4,304
- Price per Square Foot: $225
- Address: 21 Merchants Row, Boston, MA
In this sale transaction, the seller of the property was Michael L. Gruber, while the buyer was cc Re Investments Llc.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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