Atlantic Capital Partners Acquires Retail Property On River St, Boston For $32.9M
SOLD
$32,855,000
+ 2
Massachusetts
See Similar DealsRetail78,484 SF
Sold 06/24/2022
SOLD
Atlantic Capital Partners Acquires Retail Property On River St, Boston For $32.9M
892 River Street, Boston, Massachusetts 02136, United States
See Similar DealsRetail78,484 SF
Sold 06/24/2022
+ 2
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$418
Total Square Footage:78,484 SF
Transaction Type:Sale
The retail property located at 892 River St in Boston, MA has been sold for a total price of $32,855,000. The property spans a total area of 78,484 square feet, resulting in a price per square foot of $419.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $32,855,000
- Address: 892 River St, Boston, MA
- Market: Boston, MA
- Asset Type: Retail
The sale was facilitated by the brokers Justin Smith, Chris Peterson, Sam Koonce, Cole Van Gelder, and Ben Starr from Atlantic Capital Partners.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,752,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$116,726.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,749.46
Annual Debt Service$1,868,993.54
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