Cabot & Company Acquires Mixed-Use Property On Eastern Avenue In Malden For $3.23M
344 Eastern Ave Malden, Ma 02148, Usa
$3,230,000
$274/SF
Building Size
11,760 SF
Asset Type
Mixed-use
Closing
Jul 21, 2023
AI
Burgess Properties, LLC has facilitated the $3.23 million sale of 344 Eastern Ave, a mixed-use property located in Malden, MA. Situated on 0.51 acres, the property features showroom, office, and warehouse space. With a total area of 11,760 square feet, the property offers a versatile space for various purposes.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,230,000
- Address: 344 Eastern Avenue, Malden, MA
- Market: Malden, MA
- Buyer's Representative: Andrew Bemben & Eric Shabshelowitz - Cabot & Company
- Seller's Representative: Steve Nohrden & Charlie Jacob - Burgess Properties
- Square Footage: 11,760 SF
- Price per Square Foot: $275
This transaction was successfully completed with the expertise and representation of Andrew Bemben and Eric Shabshelowitz from Cabot & Company, who acted as the buyer's representatives. On the other hand, Steve Nohrden and Charlie Jacob from Burgess Properties represented the seller's interests. Their involvement and negotiation skills played a crucial role in closing the deal.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.91%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93