Updated Oct 2, 2026
McGovern Auto Group Corp Services Acquires Commercial Property At 367 Mystic Avenue For $10.6M
367 Mystic Avenue
$10,600,000
$638/SF
Building Size
16,600 SF
Asset Type
Commercial
Closing
Sep 2, 2026
About this deal
AI
The commercial property located at 367 Mystic Avenue in Medford, MA has been sold for $10,600,000. The asset spans 16,600 square feet, resulting in a price per square foot of $638.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $10,600,000
- Buyer: McGovern Auto Group Corp Services
- Seller: Duff Springs Co
- Buyer's Representative: John Walsh - Meeting House Advisors
- Broker: Mike Jezienicki - Meeting House Advisors
- Transaction Date: 09/02/2026
Meeting House Advisors represented the buyer in this off-market transaction. The brokerage extends appreciation to all parties involved in facilitating the deal.
On the Map
$10,600,000
$638/SF
Commercial
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Players
Medford 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93