Eliot Community Human Services Purchases Office Building In Saugus For $6.5M
1715 Broadway
$6,500,000
$120/SF
Building Size
54,000 SF
Asset Type
Office
Closing
Dec 16, 2025
AI
The office building located at 1715 Broadway in Saugus, MA, was sold in a transaction amounting to $6,500,000. This property encompasses a total space of 54,000 square feet, translating to a price per square foot of $120.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $6,500,000
- Address: 1715 Broadway
- Market: Saugus, MA
- Square Footage: 54,000
- Price Per Square Foot: $120
- Buyer: Eliot Community Human Services
- Broker Representatives: Bill Clark, Steve Nohrden & Charlie Jacob - Burgess Properties
This transaction was facilitated by Burgess Properties, with Bill Clark, Steve Nohrden, and Charlie Jacob acting as the broker representatives for the buyer, Eliot Community Human Services, in the acquisition of the office property.
Players
Saugus Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93