Davis Cos Acquires Retail Property On Western Avenue In Brighton For $26.2M
SOLD
$26,200,000
Massachusetts
See Similar DealsRetail
Sold 03/14/2019
SOLD
Davis Cos Acquires Retail Property On Western Avenue In Brighton For $26.2M
351 Western Ave, Boston, MA, 02135
See Similar DealsRetail
Sold 03/14/2019
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
The property involved in the transaction is a building located at 1240 Soldiers Field Road in Boston's Brighton neighborhood. This property is home to The Skating Club of Boston, which is the third oldest figure skating club in the United States, founded in 1912. The sale price for this retail asset was $26.2 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,200,000.00
- Address: 1240 Soldiers Field Road, Boston, MA, 02135
- Market: Brighton
The seller's representatives in this deal were Mark Reardon and Matthew Furey from CBRE. They represented The Skating Club of Boston in the transaction. The buyer of the property was the Davis Cos.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,397,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$93,083.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$124,201.37
Annual Debt Service$1,490,416.40
Is there something missing? Send suggestions