Updated Oct 28, 2024
Dot Ave Acq 3 Llc Acquires Retail Property For $2M In Dorchester, MA
1175 Dorchester Ave, Dorchester, MA, USA
$2,000,000
$593/SF
Building Size
3,370 SF
Asset Type
Retail
Closing
Jun 10, 2021
About this deal
AI
The retail property located at 1175 Dorchester Ave in Dorchester, MA has been sold in a transaction that took place on June 11, 2021. The property, owned by 1175 Dorchester Ave LLC, was acquired by Dot Ave Acq 3 LLC for a total sale price of $2,000,000. The property spans approximately 3,370 square feet, resulting in a price per square foot of $593.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Square Footage: 3,370
- Price per Square Foot: $593
- Address: 1175 Dorchester Ave, Dorchester, MA
- Market: Dorchester, MA
The seller, 1175 Dorchester Ave LLC, and the buyer, Dot Ave Acq 3 LLC, were the key parties involved in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93