Updated Oct 29, 2024
Samuel Obar Of HighBar Property Group Leases Retail Space In Jamaica Plain
781 Centre St, Boston, MA, 02130
Building Size
1,367 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
Located at 781 Centre St in Jamaica Plain, MA, this retail storefront spans 1,367 square feet. The landlord in this transaction is Hajjar Management Co.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord's Representative: Samuel Obar (HighBar Property Group)
- Tenant: REPS Fitness Studio
- Tenant's Other Location: Boston’s Beacon Hill neighborhood
Samuel Obar of Paramount Partners played a key role in brokering the lease deal, representing the landlord, Hajjar Management of Milton, while also procuring the tenant, REPS Fitness Studio. REPS will be expanding to their second location with this new lease agreement.
Players
Jamaica Plain Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93