Quaker Lane Capital Acquires Industrial Property In Malden, MA For $24.4M
SOLD
$24,400,000
Massachusetts
See Similar DealsIndustrial64 SF
SOLD
Quaker Lane Capital Acquires Industrial Property In Malden, MA For $24.4M
180 Charles St, Malden, Massachusetts 02148, United States
See Similar DealsIndustrial64 SF
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$381,250
Total Square Footage:64 SF
Transaction Type:Sale
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,400,000
- Address: 180-184 Charles Street, Malden, MA
- Market: Malden, MA
- Buyer: Quaker Lane Capital
- Seller: Jonathan Hershberg
- Broker: Steve Nohrden - Burgess Properties
Steve Nohrden from Burgess Properties represented the buyer, Quaker Lane Capital, in the industrial property sale at 180-184 Charles Street, Malden, MA. The property was sold by Jonathan Hershberg for a price of $24,400,000. The total area of the property is approximately 64,000 square feet, resulting in a price per square foot of $381.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,301,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$86,688.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,668.45
Annual Debt Service$1,388,021.38
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