Patrick Mckenna Acquires Office Property On Market Street For $3.5M
SOLD
$3,500,000
Texas
See Similar DealsOffice7,085 SF
Sold 06/26/2020
SOLD
Patrick Mckenna Acquires Office Property On Market Street For $3.5M
421 Market St #425, Boston, Ma 02135, Usa
See Similar DealsOffice7,085 SF
Sold 06/26/2020
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$494
Total Square Footage:7,085 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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