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1120 Massachusetts Ave, Cam...

Bulfinch Cos Acquires Retail Property In Cambridge, MA For $5M
SOLDRetail

Bulfinch Cos Acquires Retail Property In Cambridge, MA For $5M

1120 Massachusetts Ave, Cambridge, MA 02138, USA

$5,000,000

$694/SF

Building Size

7,200 SF

Asset Type

Retail

Closing

Nov 9, 2020

AI

The retail property located at 1120 Massachusetts Avenue in Cambridge, MA has been sold. The property encompasses approximately 7,200 square feet and was sold for a price of $5,000,000, resulting in a price per square foot of $694.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Square Footage: 7,200
  • Price Per Square Foot: $694
  • Seller: Randolph Street Realty
  • Buyer: Bulfinch Cos - Eric Schlager
  • Market: Cambridge, MA

Bulfinch Cos, represented by Eric Schlager, completed the purchase of the property from Randolph Street Realty. The transaction marks an important milestone in the Cambridge, MA retail market.

Players

Eric D. Schlager

Bulfinch Cos

Buyer

$16.5M

vol

3 deals

Buyer

Cambridge 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93