Updated Oct 28, 2024
Combined Properties, Inc Acquires Industrial Property In Malden, MA For $1.8M
303 Commercial St, Malden, MA, USA
$1,800,000
$57/SF
Building Size
31,135 SF
Asset Type
Industrial
Closing
Oct 12, 2021
About this deal
AI
Located at 303 Commercial St in Malden, MA, this industrial property was recently sold. The transaction took place on October 12, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,800,000
The buyer of the property is Combined Properties, Inc. The sale was facilitated by Harrison Klein and Luigi Lessa from The Klein Group - Marcus & Millichap. They represented Combined Properties, Inc in the deal.
The property spans a total area of 31,135 square feet, resulting in a price per square foot of $58.
On the Map
$1,800,000
$57/SF
Industrial
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Players
Malden Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93