Eric D. Schlager Acquires Office Property On Huntington Ave, Boston For $11.5M
SOLD
$11,500,000
Massachusetts
See Similar DealsOffice21,356 SF
Sold 06/18/2021
SOLD
Eric D. Schlager Acquires Office Property On Huntington Ave, Boston For $11.5M
814 Huntington Avenue, Boston, MA, USA
See Similar DealsOffice21,356 SF
Sold 06/18/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$538
Total Square Footage:21,356 SF
Transaction Type:Sale
The office property located at 812-814 Huntington Ave in Boston, MA has been sold in a transaction. The property spans across 21,356 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $538.
Summary of transation details
- Property Type: Office
- Transaction Amount: $11,500,000
- Square Footage: 21,356
- Price per Square Foot: $538
- Address: 812-814 Huntington Ave, Boston, MA
- Market: Boston, MA
Clair A. Carlson Jr acted as the seller in this transaction, while Eric D. Schlager served as the buyer.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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