Atlantic Capital Partners Sells Vacant Retail Building In Downtown Crossing Boston For $4.05M
19 School Street & 21 School Street
$4,050,000
$178/SF
Building Size
22,646 SF
Asset Type
Retail
Closing
Aug 16, 2024
AI
The vacant three-story building at 19-21 School Street in Boston, MA, was sold for $4,050,000. The property has a total square footage of 11,323, resulting in a price per square foot of $358.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,050,000
- Address: 19-21 School Street
- Market: Boston, MA
- Square Footage: 11,323
- Price per Square Foot: $358
The transaction involved brokers from Atlantic Retail, specifically Chris Peterson, Justin Smith, Matt Ericson, and Sam Koonce. This deal was executed as Atlantic Capital Partners sold the property to a Boston-based business, facilitating the latter's expansion plans.
Players
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