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Amazon Acquires Revere Theater In MA From National Amusements For $49.8M

Property Image
SOLD
$49,800,000
Jeff Bezos
SR

Massachusetts

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Other102,000 SF
Sold 05/25/2020
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Property Image
SOLD

Amazon Acquires Revere Theater In MA From National Amusements For $49.8M

565 Squire Road, Revere, MA 02151

See Similar Deals
Other102,000 SF
Sold 05/25/2020
Jeff Bezos
SR
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$488
Total Square Footage:102,000 SF
Transaction Type:Sale

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.

Players

SR
Shari Redstone
2 deals$89.8M volume
SELLER
NA
National Amusements
SELLER

Details

SOLD
IMAGE: Jeff Bezos, Shari Redstone & Brent Redstone DATE: 05/25/2021 ADDRESS: 565 Squire Road MARKET: Revere, MA ASSET TYPE: Theater SELLER: National Amusements - Shari Redstone & Brent Redstone BUYER: Amazon - Jeff Bezos SALE PRICE: $49,800,000 SF: 102,000 ~ PPSF: $488

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,656,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$176,928.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$236,077.41
Annual Debt Service$2,832,928.88