Patrick Mckenna Acquires Office Property On Market Street For $3.5M
421 Market St #425, Boston, Ma 02135, Usa
$3,500,000
$494/SF
Building Size
7,085 SF
Asset Type
Office
Closing
Jun 25, 2020
About this deal
AI
The office property located at 421-425 Market Street in Brighton, MA has been sold in a closed transaction on June 26, 2020. The property spans across 7,085 square feet and was sold at a price of $3,500,000, resulting in a price per square foot of $494.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,500,000
The seller of the property was Henry Chen, while the buyer was Patrick Mckenna.
The office sale at 421 Market St #425, Boston, Ma 02135, Usa in Brighton, Texas sold for $3.5M in 2020. The building is 7,085 square feet, implying about 494 per square foot on the published price. Named participants on the 421 Market St #425, Boston, Ma 02135, Usa sale are Henry Chen. This page is the Brighton, Texas file for the 421 Market St #425, Boston, Ma 02135, Usa office sold: pricing, party profiles, and other closed office comps from the same Brighton sit in the Market section below. Filter that Brighton office set by closing date to see what else sold near 421 Market St #425, Boston, Ma 02135, Usa around 2020. Published consideration for 421 Market St #425, Boston, Ma 02135, Usa is $3.5M, dated 2020. Cite this Patrick Mckenna Acquires Office Property On Market Street For $3.5M sale when underwriting similar office product around Brighton, Texas.
Players
Brighton Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93