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
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