Updated Dec 4, 2024
Jonathan Davis Acquires Retail Plaza In Burlington For $14.1M
90 Middlesex Turnpike
$14,100,000
$381/SF
Building Size
37,000 SF
Asset Type
Retail
Closing
May 20, 2024
About this deal
AI
The Davis Companies acquired a 37,000 sq ft retail plaza at 90 Middlesex Turnpike in Burlington for $14.1M. The plaza, built in 2013, is home to tenants such as Sleep Number, AFC Urgent Care, and Visionworks and is situated near the Burlington Mall.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,100,000
- Buyer: Jonathan Davis - Davis Companies
- Square Footage: 37,000
- Price Per Square Foot: $381
- Address: 90 Middlesex Turnpike, Burlington, MA
- Market: Burlington, MA
The acquisition was completed by Jonathan Davis from the Davis Companies, adding the retail plaza to their real estate portfolio in Burlington. This transaction reflects the strategic investment decisions made by Davis as they expand their presence in the area.
On the Map
$14,100,000
$381/SF
Retail
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Players
Burlington 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93