Updated Dec 21, 2023
David France Acquires Retail Property In Dorchester, MA For $3.3M
385 Neponset Ave, Dorchester, Boston, MA, USA
$3,300,000
$603/SF
Building Size
5,472 SF
Asset Type
Retail
Closing
Sep 21, 2021
About this deal
AI
The retail property located at 373-385 Neponset Ave in Dorchester, MA was recently sold in a transaction that took place on September 22, 2021. The property consists of 3 units with a total square footage of 5,472. The sale price for this transaction was $3,300,000, resulting in a price per square foot of $603.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $3,300,000
- Address: 373-385 Neponset Ave, Dorchester, MA
- Market: Dorchester, MA
- Buyer: David France
- Seller: James H. Riley
- Units: 3
- Price per Unit: [PPU not provided]
- Square Footage: 5,472
- Price per Square Foot: $603
Different entities played key roles in this transaction. David France represented the buyer, while James H. Riley represented the seller.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93