Updated Oct 28, 2024
Fortis E, LLC Acquires Retail Property In Boston, MA For $3.1M
45 Province Street, Boston, MA, USA
$3,100,000
$514/SF
Building Size
6,030 SF
Asset Type
Retail
Closing
Nov 5, 2021
About this deal
AI
Fortis E, LLC has acquired a retail property located at 45 Province Street in Boston, MA. The transaction took place on November 5, 2021, with Province Development Group, represented by Dan Garvey, as the seller. The property was marketed by Jones Lang Lassalle (JLL).
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Address: 45 Province Street, Boston, MA
- Square Footage: 6,030
- Price per Square Foot: $514
- Buyer: Fortis E, LLC (fortecnow.com)
- Seller: Province Development Group - Dan Garvey
- Broker: Jones Lang Lassalle (JLL)
This acquisition represents another great addition to Fortis E, LLC's portfolio for a future project. For more information, visit fortecnow.com.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93