Core Investments Acquires Warehouse In South Boston For $11M
4 Alger St, Boston, MA 02127, USA
$11,000,000
$114/SF
Building Size
96,000 SF
Asset Type
Other
Closing
Feb 27, 2019
AI
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.
Boston Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93