SOLDOffice
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
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.
Players
Brighton Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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