Updated Oct 28, 2024
CC Re Investments LLC Acquires Office Building In Boston's Merchants Row For $1.1M
21 Merchants Row, Boston, Massachusetts, USA
$1,100,000
$255/SF
Building Size
4,304 SF
Asset Type
Office
Closing
Mar 14, 2021
About this deal
AI
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
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93