Amazon Acquires Revere Theater In MA From National Amusements For $49.8M
565 Squire Road, Revere, MA 02151
$49,800,000
$488/SF
Building Size
102,000 SF
Asset Type
Other
Closing
May 25, 2020
AI
Located at 565 Squire Road in Revere, MA, this theater was recently sold in a transaction that took place on May 25, 2021. The asset spans a total of 102,000 square feet and has a sale price of $49,800,000, resulting in a price per square foot of $488.
Summary of transaction details:
- Property Type: Theater
- Transaction Amount: $49,800,000
- Seller: National Amusements - Shari Redstone & Brent Redstone
- Buyer: Amazon - Jeff Bezos
- Address: 565 Squire Road, Revere, MA
- Market: Revere, MA
Leading the sale was National Amusements, represented by Shari Redstone & Brent Redstone as the sellers. The buyer of this theater is Amazon, with Jeff Bezos as the representative. This transaction showcases the involvement of prominent individuals and noteworthy companies in the real estate market.
Revere 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93