JLL Brokers $12M Retail Sale In Boston, MA At 300 Pier 4 Blvd
300 Pier Four Boulevard, Boston, Massachusetts 02210, United States
$12,000,000
$743/SF
Building Size
16,134 SF
Asset Type
Retail
Closing
Jun 6, 2022
AI
300 Pier 4 Blvd in Boston, MA has been sold in a retail transaction. The property, owned by Tishman Speyer Properties, was listed by JLL brokers Chris Angelone, Nat Heald, Kellie Coveney, and Zach Nitsche.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Square Footage: 16,134
- Price Per Square Foot: $744
- Date of Transaction: 06/07/2022
The sale of this property demonstrates the strong investment potential in the Boston retail market. Tishman Speyer Properties entrusted JLL brokers Chris Angelone, Nat Heald, Kellie Coveney, and Zach Nitsche to represent them in this lucrative transaction.
Players
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93