Joey Agree - Agree Realty Corp. Acquires Retail Property In Dorchester
778 Dudley Street, Dorchester, MA, USA
$7,150,000
$504/SF
Building Size
14,162 SF
Asset Type
Retail
Closing
Dec 13, 2020
AI
Located in Dorchester, the retail property at 778 Dudley Street has been sold for a total price of $7,150,000. Spanning across 14,162 square feet, the property was sold at an average price of $504 per square foot. The transaction took place on December 14, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,150,000
- Address: 778 Dudley Street
- Market: Dorchester
- Seller: Sharon Levine
- Buyer: Joey Agree - Agree Realty Corp.
- Brokers: Bob Horvath & Todd Tremblay - Horvath & Tremblay
The deal was facilitated by brokers Bob Horvath and Todd Tremblay from Horvath & Tremblay. Sharon Levine acted as the seller, while Joey Agree, representing Agree Realty Corp., emerged as the buyer in the transaction. This successful sale highlights the active real estate market in Dorchester.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93