Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,000,000
$694/SF
Retail
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Cambridge 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93