DIV Sumner Street LLC Sells Retail Property In Boston, MA For $1.85M
SOLD
$1,850,000
Massachusetts
See Similar DealsRetail6,300 SF
Sold 10/15/2021
SOLD
DIV Sumner Street LLC Sells Retail Property In Boston, MA For $1.85M
99 Sumner Street, Boston, MA, USA
See Similar DealsRetail6,300 SF
Sold 10/15/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$293
Total Square Footage:6,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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