facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

425 Revere Street

Advisors Living Represents Buyer In $1.05M Office Sale In Revere, MA
SOLDOffice

Advisors Living Represents Buyer In $1.05M Office Sale In Revere, MA

425 Revere Street

$1,050,000

$239/SF

Building Size

4,380 SF

Asset Type

Office

Closing

Dec 26, 2023

AI

The office property located at 425 Revere Street in Revere, MA has been sold. The transaction was facilitated by Cummings Realty Trust, represented by Kevin Cummings as the seller, and Advisors Living, represented by Melody Golestani, as the buyer's representative. Jodi Dilorenzo from Century 21 acted as the seller's representative in the deal. The property was sold for a price of $1,050,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,050,000
  • Square Footage: 4,380
  • Price per Square Foot: $240
  • Address: 425 Revere Street, Revere, MA
  • Market: Revere, MA

This transaction marks an important milestone for both the buyer and the seller. Melody Golestani from Advisors Living successfully represented the buyer throughout the deal, ensuring that their interests were protected and their objectives were achieved. Jodi Dilorenzo, from Century 21, provided valuable guidance and support to Cummings Realty Trust, ensuring a smooth and successful transaction.

Players

Melody Golestani

Gibson Sotheby's International Realty

Broker

$3.4M

vol

3 deals

Broker

Revere Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93