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9 West Broadway, Boston, MA...

Sunny Florists Acquires Retail Property In South Boston For $770,000
SOLDRetail

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.

FORMAT

Players

Joe Wagner

Boston Realty Advisors

Broker

$88.9M

vol

16 deals

Broker

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