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451 Washington St, Boston, ...

Boston Retail Property At 451 Washington Street Sells For $5.25M With Brokers Bob Horvath & Todd Tremblay
SOLDRetail

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

Marc Koenig

Broker

$5.3M

vol

1 deal

Broker

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