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

Property Image
SOLD
$770,000

Massachusetts

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Retail845 SF
Sold 09/30/2021
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Property Image
SOLD

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

9 West Broadway, Boston, MA, USA

See Similar Deals
Retail845 SF
Sold 09/30/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$911
Total Square Footage:845 SF
Transaction Type:Sale

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
16 deals$88.9M volume
BROKER

Whitney Gallivan
Boston Realty Advisors
13 deals$78.7M volume
BROKER

Lindsay Coutu
Sotheby's International Realty
2 deals$1.4M volume
BROKER

Details

SOLD
IMAGE: Joe Wagner, Whitney Gallivan & Lindsay Coutu DATE: 09/30/2021 ADDRESS: 9 West Broadway MARKET: South Boston ASSET TYPE: Retail BUYER: Sunny Florists SELLER: 618 Holdings LLC SELLER'S REP: Joe Wagner & Whitney Gallivan - Boston Realty Advisors BUYER'S REP: Lindsay Coutu - Gibson Sotheby's International Realty SALE PRICE: $770,000 SF: 845 ~ PPSF: $911

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Deal Type
Operating Income
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Net Operating Income (NOI)

$41,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,735.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,650.19
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