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35 Water Street, Amesbury, ...

Intrepid Enterprises Inc. Acquires Office Building In Boston, MA For $2.9M
SOLDOffice

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

Anthony Triglione

Nordlund Associates

Broker

$33.8M

vol

12 deals

Broker

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