Coldwell Banker Commercial Brokers Todd Glaskin & Gregg Leppo Facilitate $15M Retail Sale In Brookline, MA
SOLD
$15,000,000
Massachusetts
See Similar DealsRetail16,500 SF
Sold 03/01/2022
SOLD
Coldwell Banker Commercial Brokers Todd Glaskin & Gregg Leppo Facilitate $15M Retail Sale In Brookline, MA
1004-1016 Beacon Street, Brookline, Massachusetts 02446, United States
See Similar DealsRetail16,500 SF
Sold 03/01/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$909
Total Square Footage:16,500 SF
Transaction Type:Sale
An retail property located at 1004-1016 Beacon Street in Brookline, MA has been sold for $15,000,000. The property spans a total area of 16,500 square feet, resulting in a price per square foot of $909.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 1004-1016 Beacon Street, Brookline, MA
- Market: Brookline, MA
- Brokers: Todd Glaskin & Gregg Leppo - Coldwell Banker Commercial
The sale of this property was facilitated by brokers Todd Glaskin and Gregg Leppo from Coldwell Banker Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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