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300 Pier Four Boulevard, Bo...

JLL Brokers $12M Retail Sale In Boston, MA At 300 Pier 4 Blvd
SOLDRetail

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

Chris Angelone

JLL

Broker

$2.2B

vol

24 deals

Broker
Tishman Speyer
Tishman SpeyerSeller

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