David Walton Acquires Office Building In Boston, MA For $1.6M
9 Hawthorne Place, Boston, Massachusetts 02114, United States
$1,600,000
$908/SF
Building Size
1,762 SF
Asset Type
Office
Closing
Dec 1, 2021
AI
Located at 9 Hawthorne Pl in Boston, MA, this office property was recently sold in a closed transaction. The sale took place on December 1, 2021, and the transaction was facilitated by Todd Anzlovar, a Coldwell Banker representative. The property spans 1,762 square feet and has an asking price of $1,850,000. The final sale price was negotiated to $1,600,000, resulting in a price-per-square-foot (PPSF) value of $908.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,600,000
- Address: 9 Hawthorne Pl, Boston, MA
- Seller: Charles Boucher & Richard Liberthson
- Buyer: David Walton
- Seller's Representative: Todd Anzlovar - Coldwell Banker
- Buyer's Representative: Kevin Cleary - Remax Destiny
David Walton, the buyer, successfully acquired this office property from sellers Charles Boucher & Richard Liberthson. Representing the buyers in this transaction was Kevin Cleary from Remax Destiny. It's worth noting that this deal showcases the expertise and negotiation skills of Todd Anzlovar, who represented the sellers as a Coldwell Banker representative.
Players
Boston 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93