Eric Aulenback Acquires Retail Property For $1.25M In Charlestown, MA
SOLD
$1,250,000
Massachusetts
See Similar DealsRetail1,650 SF
Sold 06/04/2020
SOLD
Eric Aulenback Acquires Retail Property For $1.25M In Charlestown, MA
229 Bunker Hill Street, Charlestown, MA 02129, USA
See Similar DealsRetail1,650 SF
Sold 06/04/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$757
Total Square Footage:1,650 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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