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961 Commonwealth Avenue

Nolan Properties Group Acquires Retail Asset From Dr. Sami David For $5.7M In Boston
SOLDRetail

Nolan Properties Group Acquires Retail Asset From Dr. Sami David For $5.7M In Boston

961 Commonwealth Avenue

$5,700,000

$380/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Nov 5, 2024

AI

The property asset involved in the transaction is a retail space located at 961 Commonwealth Avenue in Boston, MA. It has a total size of 15,000 square feet and was sold for a price of $5,700,000, resulting in a price per square foot of $380.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,700,000
  • Address: 961 Commonwealth Avenue
  • Market: Boston, MA
  • Square Footage: 15,000
  • Price per Square Foot: $380
  • Buyer: Nolan Properties Group
  • Seller: Dr. Sami David
  • Broker Representatives: Joe Wagner & Whitney Gallivan - Boston Realty Advisors

This transaction features key participants including the buyer, Nolan Properties Group, and the seller, Dr. Sami David. The deal was facilitated by brokers Joe Wagner and Whitney Gallivan, representing Boston Realty Advisors in this transaction.

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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93