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9 Hawthorne Place, Boston, ...

David Walton Acquires Office Building In Boston, MA For $1.6M
SOLDOffice

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

Kevin Cleary

Re/Max

Broker

$1.6M

vol

1 deal

Broker

David Walton

Buyer

$3.1M

vol

2 deals

Buyer

Boston 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93