Intrepid Enterprises Inc. Acquires Office Building In Boston, MA For $2.9M
35 Water Street, Amesbury, Massachusetts 01913, United States
$2,900,000
$61/SF
Building Size
47,222 SF
Asset Type
Office
Closing
Nov 12, 2021
AI
The office property located at 35 Water Street in Boston, MA has been sold for a price of $2,900,000. The property spans an area of 47,222 square feet, resulting in a price per square foot of $61. The sale transaction took place on November 12, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,900,000
- Address: 35 Water Street, Boston, MA
- Market: Boston, MA
The buyer of the property is Intrepid Enterprises Inc., while the seller is Coastal Connections Inc. Don Hause from Legacy Real Estate represented the buyer in the transaction, and Anthony Triglione from Nordlund Associates served as the seller's representative.
Players
Amesbury 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93