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571B Washington Street, Dor...

Lowkey Dispensary Acquires Retail Property On Washington St In Dorchester, MA For $925K
SOLDRetail

Lowkey Dispensary Acquires Retail Property On Washington St In Dorchester, MA For $925K

571B Washington Street, Dorchester, Massachusetts, USA

$925,000

$543/SF

Building Size

1,703 SF

Asset Type

Retail

Closing

Jun 30, 2020

AI

Lowkey Dispensary has recently acquired a retail property located at 571B Washington St in Dorchester, MA. The property, with a total square footage of 1,703, was sold by Yong Hui Chen Trust. The transaction was facilitated by Jeff Similien from Boston Trust Realty Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $925,000
  • Address: 571B Washington St, Dorchester, MA
  • Market: Dorchester, MA

The acquisition of the property by Lowkey Dispensary signifies their expansion into the retail sector. With a purchase price of $925,000 and a price per square foot of $543, the deal represents a significant investment for the company.

Players

Jeff Similien

DMG Brokerage

Broker

$8.2M

vol

11 deals

Broker
T
TrustSeller

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

17.15%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93