Updated Oct 28, 2024
JLL Arranges $21.5M Acquisition Financing For Urban Edge Properties' Retail Property On River St In Boston
854 River Street, Boston, Massachusetts 02136, United States
$21,500,000
$275/SF
Building Size
78,000 SF
Asset Type
Retail
Closing
Jul 19, 2022
About this deal
AI
Located at 854-912 River St in Boston, MA, this retail property spans 78,000 square feet across 8.05 acres. The property was recently involved in a closed transaction, with the loan amounting to $21,500,000. The loan type was acquisition financing, with a seven-year, fixed-rate, non-recourse loan term.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,500,000
- Date: 07/20/2022
- Address: 854-912 River St, Boston, MA
- Market: Boston, MA
- Square Footage: 78,000
- Acres: 8.05
The property was leased by Urban Edge Properties. The transaction was facilitated by Scott Aiese and Amy Lousararian from JLL. They served as brokers in the deal.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93