Quaker Lane Capital Acquires Office Building From North River Malden II For $11.8M
SOLD
$11,800,000
Massachusetts
See Similar DealsOffice34,696 SF
SOLD
Quaker Lane Capital Acquires Office Building From North River Malden II For $11.8M
17 Dartmouth St, Malden, MA, 02148
See Similar DealsOffice34,696 SF
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$340
Total Square Footage:34,696 SF
Transaction Type:Sale
The $11.8 million sale of three office buildings totaling 34,696 square feet in Malden has been brokered by Burgess Properties Inc. The properties located at 15-23 Pleasant St., 11 Dartmouth St., and 17 Dartmouth St. are strategically situated near the Malden Orange Line T and Commuter Rail Stop transit lines.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $11,800,000.00
- Address: 17 Dartmouth St, Malden, MA, 02148
- Market: Malden
Stephen (Steve) Nohrden from Burgess Properties represented both the seller, North River Malden II, and the buyer, Quaker Lane Capital, a Boston-based developer, in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
Is there something missing? Send suggestions