Updated Oct 28, 2024
Realty Income Acquires Resort In Everett, MA For $1.7B
1 Broadway, Everett, Massachusetts 02149, United States
$1,700,000,000
Building Size
—
Asset Type
Other
Closing
Feb 21, 2022
About this deal
AI
The property involved in this transaction is a resort located at 1 Broadway in Everett, MA. The sale price for this property was $1,700,000,000. The transaction took place on 02/22/2022.
Summary of transaction details:
- Property Type: Resort
- Transaction Amount: $1,700,000,000
The buyer of the property was REIT Realty Income represented by Sumit Roy. The seller of the property was Wynn Resorts represented by Craig Billings.
The other sale at 1 Broadway, Everett, Massachusetts 02149, United States in Everett, Massachusetts sold for $1.7B in 2022. 1 Broadway, Everett, Massachusetts 02149, United States is classified as Other on Traded. Named participants on the 1 Broadway, Everett, Massachusetts 02149, United States sale are Sumit Roy. This page is the Everett, Massachusetts file for the 1 Broadway, Everett, Massachusetts 02149, United States other sold: pricing, party profiles, and other closed other comps from the same Everett sit in the Market section below. Filter that Everett other set by closing date to see what else sold near 1 Broadway, Everett, Massachusetts 02149, United States around 2022. Published consideration for 1 Broadway, Everett, Massachusetts 02149, United States is $1.7B, dated 2022. Cite this Realty Income Acquires Resort In Everett, MA For $1.7B sale when underwriting similar other product around Everett, Massachusetts.
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Everett Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93