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99 Sumner Street, Boston, M...

DIV Sumner Street LLC Sells Retail Property In Boston, MA For $1.85M
SOLDRetail

DIV Sumner Street LLC Sells Retail Property In Boston, MA For $1.85M

99 Sumner Street, Boston, MA, USA

$1,850,000

$293/SF

Building Size

6,300 SF

Asset Type

Retail

Closing

Oct 15, 2021

AI

The retail property at 99 Sumner Street in Boston, MA was recently sold for a price of $1,850,000. The property spans over 6,300 square feet, resulting in a price per square foot of $294. The transaction took place on 10/15/2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,850,000
  • Address: 99 Sumner Street, Boston, MA
  • Market: Boston, MA
  • Seller: DIV Sumner Street LLC
  • Brokers: Joe Wagner, Whitney Gallivan, & Yuan Huang - US Woo Realty

The deal was facilitated by brokers Joe Wagner, Whitney Gallivan, and Yuan Huang from US Woo Realty. They represented the seller, DIV Sumner Street LLC, in the 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93