Master Printing & Signs Acquires Office In Revere, MA For $849K
386 Squire Road, Revere, MA, USA
$849,000
$283/SF
Building Size
3,000 SF
Asset Type
Office
Closing
Nov 29, 2020
AI
An office property located at 386 Squire Road in Revere, MA was recently sold in a closed transaction. The property, measuring approximately 3,000 square feet, was listed for sale by United Service Group. The asking price and sale price for the property were both $849,000, corresponding to a price per square foot of $283. The buyer of the property was Master Printing & Signs.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $849,000
- Address: 386 Squire Road, Revere, MA
- Market: Revere, MA
- Seller: United Service Group
- Buyer: Master Printing & Signs
- Asking Price: $849,000
- SF: 3,000
- PPSF: $283
The sale of the property was facilitated by broker David Maker from Maker Capital, who represented the buyer in this transaction.
Players
Revere 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
18.68%
Cash-on-Cash
-5.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93