Core Investments Acquires Warehouse In South Boston For $11M
SOLD
$11,000,000
Massachusetts
See Similar DealsOther96,000 SF
Sold 02/28/2019
SOLD
Core Investments Acquires Warehouse In South Boston For $11M
4 Alger St, Boston, MA 02127, USA
See Similar DealsOther96,000 SF
Sold 02/28/2019
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$114
Total Square Footage:96,000 SF
Transaction Type:Sale
The property involved in the transaction is a warehouse located at 4 Alger Street, in South Boston. The property has a total square footage of 96,000. The sale price for this warehouse was $11,000,000, resulting in a price per square foot of $115.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $11,000,000
- Square Footage: 96,000
- Price Per Square Foot: $115
- Address: 4 Alger Street, South Boston
- Market: South Boston
The buyer of the warehouse is Core Investments, represented by David J. Pogorelc and John Cisse. It was recently announced that Amazon plans to convert the warehouse into a last-mile delivery hub.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
Is there something missing? Send suggestions