SOLDOther
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
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.
Players
Everett Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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