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Ayni Institute Acquires Office Building In Revere, MA For $1.18M

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SOLD
$1,180,000

Massachusetts

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Office4,557 SF
Sold 06/15/2023
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Property Image
SOLD

Ayni Institute Acquires Office Building In Revere, MA For $1.18M

240 Harris Street in Revere, Massachusetts 02151, USA

See Similar Deals
Office4,557 SF
Sold 06/15/2023
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$258
Total Square Footage:4,557 SF
Transaction Type:Sale

A stand-alone office building located at 240 Harris Street in Revere, MA, has been sold for $1,180,000. The 4,557 square foot building will serve as a new training center for the Ayni Institute. It offers convenient access to public transportation, parking, and high visibility.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,180,000
  • Address: 240 Harris Street, Revere, MA
  • Market: Revere, MA
  • Buyer: Ayni Institute
  • Buyer's Representative: Ellie Cullinan - Freudenheim Partners
  • Seller's Representatives: Charlie Jacob & Steve Nohrden - Burgess Properties
  • Square Footage: 4,557
  • Price Per Square Foot: $259

The deal was facilitated by Ellie Cullinan of Freudenheim Partners, who represented the buyer, the Ayni Institute. Charlie Jacob and Steve Nohrden of Burgess Properties represented the seller. The transaction was completed on 06/15/2023.

Players

Steve Nohrden
8 deals$27.4M volume
BROKER

Charlie Jacob
Burgess Properties
5 deals$15.7M volume(339) 225-1958
BROKER

Ellen Fantini Cullinan
Freudenheim Partners
13 deals$11.8M volume(617) 835-3323
BROKER

Details

SOLD
IMAGE: Charlie Jacob, Ellie Cullinan & Steve Nohrden DATE: 06/15/2023 ADDRESS: 240 Harris Street MARKET: Revere, MA ASSET TYPE: Office BUYER: Ayni Institute BUYER'S REP: Ellie Cullinan - Freudenheim Partners SELLER'S REP: Charlie Jacob & Steve Nohrden - Burgess Properties SALE PRICE: $1,180,000 SF: 4,557 ~ PPSF: $259 NOTE: Ayni Institute, represented by Freudenheim Partners, has acquired a stand-alone office building located at 240 Harris Street in Revere, MA, for $1,180,000. The 4,557 square foot building will serve as the institute's new training center, offering convenient access to public transportation, parking, and high visibility.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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