Updated Aug 18, 2026
Gianni De Palma Of GDP Real Estate Group Represents Buyer In $3.8M Wakefield Commercial Sale
333 North Avenue
$3,800,000
$190/SF
Building Size
20,000 SF
Asset Type
Commercial
Closing
Jul 31, 2026
About this deal
AI
The property involved in this transaction is a commercial asset located at 333 North Avenue, Wakefield, MA, with a sale price of $3,800,000. This commercial property encompasses 20,000 square feet and sits on one acre of land, featuring 66 parking spaces.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,800,000
- Square Footage: 20,000
- Address: 333 North Avenue
- Market: Wakefield, MA
- Price per Square Foot: $190
Gianni De Palma of GDP Real Estate Group LLC exclusively represented the buyer in this acquisition, demonstrating expertise in commercial property transactions within the region.
Players
Wakefield Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93