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
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