Egeria Real Estate Boston Acquires Retail Asset In Boston For $10.85M
SOLD
$10,850,000
+ 3
Massachusetts
See Similar DealsRetail
Sold 01/21/2022
SOLD
Egeria Real Estate Boston Acquires Retail Asset In Boston For $10.85M
151 Charles Street, Boston, Massachusetts 02114, United States
See Similar DealsRetail
Sold 01/21/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
Egeria Real Estate Boston has purchased a retail property located at 151-151A Charles St. & 153-159 Charles St in Boston, MA. The transaction took place on January 21, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,850,000
- Address: 151-151A Charles St. & 153-159 Charles St, Boston, MA
- Market: Boston, MA
The buyer, Egeria Real Estate Boston, completed the transaction represented by Justin Smith, Chris Peterson, Sam Koonce, Molly Lynch, David Smookler & Ben Starr of Atlantic Capital Partners.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42
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