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
Brookline Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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