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
Revere 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93