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229 Bunker Hill Street, Cha...

Eric Aulenback Acquires Retail Property For $1.25M In Charlestown, MA
SOLDRetail

Eric Aulenback Acquires Retail Property For $1.25M In Charlestown, MA

229 Bunker Hill Street, Charlestown, MA 02129, USA

$1,250,000

$757/SF

Building Size

1,650 SF

Asset Type

Retail

Closing

Jun 4, 2020

AI

Located at 229 Bunker Hill Street in Charlestown, MA, this retail property recently changed hands in a closed transaction. The property spans 1,650 square feet and was sold for a price of $1,250,000, equivalent to a price per square foot of $757.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,250,000
  • Date: 06/04/2021
  • Market: Charlestown, MA

The seller of the property was Kevin Smith, while Eric Aulenback acted as the buyer. Joe Wagner and Whitney Gallivan from Boston Realty Advisors represented both parties as brokers in the deal.

Players

Joe Wagner

Boston Realty Advisors

Broker

$88.9M

vol

16 deals

Broker

Kevin Smith

Seller

$7.3M

vol

2 deals

Seller

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93