Combined Properties, Inc Acquires Industrial Property In Malden, MA For $1.8M
SOLD
$1,800,000
Massachusetts
See Similar DealsIndustrial31,135 SF
Sold 10/12/2021
SOLD
Combined Properties, Inc Acquires Industrial Property In Malden, MA For $1.8M
303 Commercial St, Malden, MA, USA
See Similar DealsIndustrial31,135 SF
Sold 10/12/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$57
Total Square Footage:31,135 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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