588-590 Randolph Ave. Milton LLC Purchases Retail Building From 588-90 Randolph Ave LLC For $1.6M
588 Randolph Avenue
$1,600,000
$400/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Aug 30, 2024
AI
The transaction involved the sale of a retail property located at 588 Randolph Avenue, Milton, MA. The property encompasses 4,000 square feet and was sold for $1,600,000, resulting in a price per square foot of $400.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 588 Randolph Avenue
- Market: Milton, MA
- Square Footage: 4,000
- Price per Square Foot: $400
- Buyer: 588-590 Randolph Ave. Milton, LLC
- Seller: 588-90 Randolph Ave LLC
- Brokers: Paul Durgin - Jack Conway & Company
Paul Durgin represented both parties in this transaction, facilitating the deal between the buyer, 588-590 Randolph Ave. Milton, LLC, and the seller, 588-90 Randolph Ave LLC. The brokerage involved in this sale was Conway Commercial.
Milton 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93