Updated Dec 4, 2024
Dorchester Realty Ventures LLC Acquires Retail Property On Morrissey Boulevard For $10M
$10,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 22, 2023
About this deal
AI
The Lambert family, owners of Lambert’s Rainbow Market stores in Dorchester, has sold a retail property located at 731-777 Morrissey Boulevard in Dorchester, MA. The property, consisting of a store and surrounding plaza, was purchased by Dorchester Realty Ventures LLC for $10 million.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 731-777 Morrissey Boulevard, Dorchester, MA
- Market: Dorchester, MA
Danny Lambert and Billy Lambert, representing the Lambert family, were the sellers of the property. Dorchester Realty Ventures LLC, a buyer in the transaction, acquired the property and surrounding plaza from the Lambert family.
It is worth noting that the Lambert family, known for owning Lambert’s Rainbow Market stores in Dorchester, sold the property for $10 million.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93