facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

1004 Beacon St, Brookline, ...

Brookline Property Sold For $15M With Seller's Rep Gregg Leppo From Coldwell Banker
SOLDRetail

Brookline Property Sold For $15M With Seller's Rep Gregg Leppo From Coldwell Banker

1004 Beacon St, Brookline, MA, 02446

$15,000,000

$909/SF

Building Size

16,500 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this transaction is a 16,500-square-foot retail building situated on a half-acre site at 1004 Beacon St, Brookline, MA, 02446. The sale was completed for a total price of $15,000,000.00, reflecting the property's market value in the Brookline area.

Summary of transaction details:

  • Property Type: Retail Building
  • Transaction Amount: $15,000,000.00
  • Address: 1004 Beacon St, Brookline, MA, 02446
  • Market: Brookline
  • Seller: Local family trust
  • Buyer's Representative: Unknown
  • Seller's Representative: Gregg Leppo-Coldwell Banker
  • Loan Amount: $13,000,000.00

In this transaction, the seller was represented by Gregg Leppo from Coldwell Banker. The financing for the acquisition was facilitated by Casimir Groblewski and Colin Monahan of Fantini & Gorga, a local mortgage banking firm. This highlights the collaboration between different professionals during the deal process.

Players

Todd Glaskin

Coldwell Banker

Broker

$109.8M

vol

23 deals

Broker

Brookline Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93