JLL Brokers $12M Retail Sale In Boston, MA At 300 Pier 4 Blvd
SOLD
$12,000,000
Massachusetts
See Similar DealsRetail16,134 SF
Sold 06/07/2022
SOLD
JLL Brokers $12M Retail Sale In Boston, MA At 300 Pier 4 Blvd
300 Pier Four Boulevard, Boston, Massachusetts 02210, United States
See Similar DealsRetail16,134 SF
Sold 06/07/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$743
Total Square Footage:16,134 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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