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226 Harvard Avenue, South P...

Asana Partners Acquires Mixed-Use Property In Allston, MA From National Development For $11.9M
SOLDMixed-use

Asana Partners Acquires Mixed-Use Property In Allston, MA From National Development For $11.9M

226 Harvard Avenue, South Plainfield, NJ 07080, USA

$11,900,000

$426/SF

Building Size

27,930 SF

Asset Type

Mixed-use

Closing

Mar 31, 2021

AI

The mixed-use property located at 226 Harvard Avenue in Allston, MA has been sold in a transaction that took place on April 1, 2021. The property, spanning a total area of 27,930 square feet, was sold for a price of $11,900,000, resulting in a price per square foot of $426.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $11,900,000
  • Address: 226 Harvard Avenue, Allston, MA
  • Market: Allston, MA

The property was sold by National Development to Asana Partners. The deal was facilitated by Geoffrey Millerd, Frank Nelson, Michael Greeley, Jonathan Martin, Paul Penman, Mathew Adler, and Christopher Huesgen, who represented both Newmark and Mid-Atlantic Capital Markets Groups.

Players

Frank Nelson

Newmark

Broker

$442.5M

vol

9 deals

Broker
Asana Partners
Asana PartnersBuyer

South Plainfield Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93