Boylston Properties Acquires Watertown Retail Property For $96.25M
SOLD
$96,250,000
+ 1
Massachusetts
See Similar DealsRetail126,460 SF
Sold 01/18/2022
SOLD
Boylston Properties Acquires Watertown Retail Property For $96.25M
615 Arsenal Street, Watertown, MA 02472
See Similar DealsRetail126,460 SF
Sold 01/18/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$761
Total Square Footage:126,460 SF
Transaction Type:Sale
Boylston Properties has acquired a retail property located at 615 Arsenal Street in Watertown, MA. The property was sold by Inland Real Estate in a closed transaction. The deal was facilitated by the brokers Geoff Millerd, Paul Penman, Jon Martin, and Rob Griffin from Newmark.
Summary of transaction details
- Property Type: Retail
- Sale Price: $96,250,000
- Total Building Square Footage: 126,460
- Price per Square Foot: $761
- Date: 01/18/2022
- Market: Watertown, MA
Newmark's Los Angeles team, consisting of Bill Bauman and Kyle Miller, also played a role in brokering the deal alongside the local team.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,955.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$456,274.10
Annual Debt Service$5,475,289.25
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