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Kensington Investment Company Sells 60 Newmarket Square Office Building In Roxbury For $1.45M
SOLD
$1,450,000
Massachusetts
See Similar DealsOffice4,000 SF
Sold 07/16/2024
SOLD
Kensington Investment Company Sells 60 Newmarket Square Office Building In Roxbury For $1.45M
60 Newmarket Square
See Similar DealsOffice4,000 SF
Sold 07/16/2024
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$362
Total Square Footage:4,000 SF
Transaction Type:Sale
The property involved in the transaction is an office building located at 60 Newmarket Square in Roxbury, MA. The asset has a total square footage of approximately 4,000 and was sold for $1,450,000, translating to a price per square foot of $363.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,450,000
- Buyer: Kensington Investment Company
- Market: Roxbury, MA
- Asset Size: 4,000 SF
- Price Per Square Foot: $363
Kensington Investment Company has sold the 60 Newmarket Square property to The Hamilton Company. The office building is currently leased to Roca, Inc. Previously, this property was sold in April 2019 for $2 million.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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