Updated Sep 11, 2026
1130 Eastern Ave. LLC Acquires 12,494 SF Industrial Property In Malden, MA For $2.4M
1130 Eastern Ave Malden, Ma 02148, Usa
$2,400,000
$192/SF
Building Size
12,494 SF
Asset Type
Industrial
Closing
May 5, 2023
About this deal
AI
Burgess Properties has brokered the sale of a 12,494 square foot building on 0.44 acres in Malden, MA. The property, located at 1130 Eastern Ave., was purchased by 1130 Eastern Ave. LLC for $2.4 million. The transaction included renovations to the building, including a new roof, overhead doors, windows, and a potential expansion to 15,400 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Square Footage: 12,494
- Price per Square Foot: $192
- Address: 1130 Eastern Avenue, Malden, MA
- Market: Malden, MA
The buyer, 1130 Eastern Ave. LLC, is a subsidiary of Malden-based United Properties. The seller's representative in the deal was Daniel Dewing from Boston Realty Advisors. The buyer was represented by Steve Nohrden from Burgess Properties, LLC.
On the Map
$2,400,000
$192/SF
Industrial
View full map
Players
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Daniel Dewing to view all their deals.
Browse Boston industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93