Boston Retail Property At 451 Washington Street Sells For $5.25M With Brokers Bob Horvath & Todd Tremblay
451 Washington St, Boston, MA 02114, Estados Unidos
$5,250,000
$39/SF
Building Size
134,000 SF
Asset Type
Retail
Closing
Oct 22, 2020
AI
The retail property located at 451 Washington Street in Boston, MA has been sold for $5,250,000. The property spans across 13,400 square feet, resulting in a price per square foot of $392. The transaction was closed on October 23, 2020, at a cap rate of 4.76%. The sale was facilitated by Bob Horvath and Todd Tremblay from Horvath & Tremblay, along with Marc Koenig from MDK Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,250,000
- Square Footage: 13,400
- Price Per Square Foot: $392
- Cap Rate: 4.76%
- Address: 451 Washington Street, Boston, MA
- Market: Boston, MA
The successful sale of the retail property at 451 Washington Street in Boston, MA was made possible by the collaborative efforts of Bob Horvath and Todd Tremblay from Horvath & Tremblay, as well as Marc Koenig from MDK Realty. Their expertise and negotiation skills played a vital role in securing the deal.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93