Sunny Florists Acquires Retail Property In South Boston For $770,000
9 West Broadway, Boston, MA, USA
$770,000
$911/SF
Building Size
845 SF
Asset Type
Retail
Closing
Sep 30, 2021
AI
Located at 9 West Broadway in South Boston, this retail property was recently sold in a transaction on September 30, 2021. The property is comprised of 845 square feet and was sold for a total of $770,000, resulting in a price per square foot of $911. The property is situated in a thriving market, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $770,000
- Square Footage: 845
- Address: 9 West Broadway, South Boston
- Market: South Boston
The buyer of this retail property is Sunny Florists, while the seller is 618 Holdings LLC. Representing the seller in the deal were Joe Wagner and Whitney Gallivan from Boston Realty Advisors. On the other hand, Lindsay Coutu from Gibson Sotheby's International Realty acted as the buyer's representative. With the expertise of these professionals, the transaction was successfully executed, ensuring a seamless process for all parties involved.
FORMATPlayers
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
20.60%
Cash-on-Cash
-5.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93