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
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