Updated Oct 29, 2024
Davis Cos Acquires Retail Property On Western Avenue In Brighton For $26.2M
351 Western Ave, Boston, MA, 02135
$26,200,000
Building Size
—
Asset Type
Retail
Closing
Mar 14, 2019
About this deal
AI
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.
On the Map
$26,200,000
Retail
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Players
Brighton 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93