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344 Eastern Ave Malden, Ma ...

Cabot & Company Acquires Mixed-Use Property On Eastern Avenue In Malden For $3.23M
SOLDMixed-use

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

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

Eric Shabshelowitz

Cabot & Company

Broker

$16.5M

vol

5 deals

Broker

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