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588-590 Randolph Ave. Milton LLC Purchases Retail Building From 588-90 Randolph Ave LLC For $1.6M

Property Image
SOLD
$1,600,000

Massachusetts

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Retail4,000 SF
Sold 08/30/2024
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Property Image
SOLD

588-590 Randolph Ave. Milton LLC Purchases Retail Building From 588-90 Randolph Ave LLC For $1.6M

588 Randolph Avenue

See Similar Deals
Retail4,000 SF
Sold 08/30/2024
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:4,000 SF
Transaction Type:Sale

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.

Players

Paul Durgin
Jack Conway & Company
Paul Durgin
6 deals$14.2M volume
BROKER

Details

SOLD
IMAGE: Paul Durgin DATE: 08/30/2024 ADDRESS: 588 Randolph Avenue MARKET: Milton, MA ASSET TYPE: Retail BUYER: 588-590 Randolph Ave. Milton, LLC SELLER: 588-90 Randolph Ave LLC BROKER: Paul Durgin - Jack Conway & Company (@JackConway1956) SALE PRICE: $1,600,000 SF: 4,000 ~ PPSF: $400 NOTE: Conway Commercial brokered the $1.6 million sale of a 4,000 s/f retail/professional building at 588 Randolph Ave., Milton. Paul Durgin represented both the seller, 588-90 Randolph Ave LLC, and the buyer, 588-590 Randolph Ave. Milton, LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80