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141 Dorchester Avenue

District Real Estate Advisors Arranges $4.045M Sale Of South Boston And Waltham Retail Properties
SOLDRetail

District Real Estate Advisors Arranges $4.045M Sale Of South Boston And Waltham Retail Properties

141 Dorchester Avenue & 301 West Street walt

$4,045,000

Building Size

Asset Type

Retail

Closing

Nov 24, 2023

AI

District Real Estate Advisors has arranged the sale of two Boston properties and secured leases for Waltham retailers. The sale includes two retail condos located in South Boston, with 141 Dorchester Avenue selling for $1.395 million and 301 West Street selling for $2.65 million. These properties provide an excellent opportunity for retailers in the vibrant South Boston market.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $4,045,000
  • Address: 141 Dorchester Avenue & 301 West Street
  • Market: South Boston & Waltham, MA

Beck Dangler, a representative from District Real Estate Advisors, specializes in urban retail leasing and played a key role in negotiating the sale of the South Boston retail condos. With their expertise, these properties were able to attract buyers and secure favorable prices. District Real Estate Advisors has also successfully secured leases for retailers in Waltham, further adding value to this transaction.

Players

Beck Dangler

District Real Estate Advisors

Broker

$4M

vol

1 deal

Broker

South Boston 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

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93