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1715 Broadway

Eliot Community Human Services Purchases Office Building In Saugus For $6.5M
SOLDOffice

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

Bill Clark

CBRE

Broker

$6.5M

vol

1 deal

Broker
Burgess Properties
Burgess PropertiesBrokerage

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