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

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SOLD
$4,045,000

Massachusetts

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Retail
Sold 11/24/2023
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SOLD

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

141 Dorchester Avenue & 301 West Street walt

See Similar Deals
Retail
Sold 11/24/2023
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Summary

MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale

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
1 deal$4M volume
BROKER

Details

SOLD
IMAGE: Beck Dangler DATE: 11/24/2023 ADDRESS: 141 Dorchester Avenue & 301 West Street MARKET: South Boston & Waltham, MA ASSET TYPE: Retail BROKER: Beck Dangler - District Real Estate Advisors (@DistrictAdvisors) SALE PRICE: $4,045,000 NOTE: District Real Estate Advisors arranged the $4.045 million sale of two Boston properties and secured leases for Waltham retailers. Beck Dangler, specializing in urban retail leasing, negotiated the sale of two South Boston retail condos, with 141 Dorchester Ave. selling for $1.395 million and 301 West Bdwy. selling for $2.65 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$215,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,371.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,175.36
Annual Debt Service$230,104.36