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386 Squire Road, Revere, MA...

Master Printing & Signs Acquires Office In Revere, MA For $849K
SOLDOffice

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

David Maker

Broker

$3M

vol

7 deals

Broker

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