Bulfinch Cos Acquires Retail Property In Cambridge, MA For $5M
SOLD
$5,000,000
Massachusetts
See Similar DealsRetail7,200 SF
Sold 11/10/2020
SOLD
Bulfinch Cos Acquires Retail Property In Cambridge, MA For $5M
1120 Massachusetts Ave, Cambridge, MA 02138, USA
See Similar DealsRetail7,200 SF
Sold 11/10/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$694
Total Square Footage:7,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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