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389 Main Street

Embrace Pathways To Wellness LLC Purchases Office Condo At 389 Main Street In Malden For $1.1M
SOLDOffice

Embrace Pathways To Wellness LLC Purchases Office Condo At 389 Main Street In Malden For $1.1M

389 Main Street

$1,100,000

$160/SF

Building Size

6,868 SF

Asset Type

Office

Closing

Aug 15, 2025

AI

A full-floor office condo located at 389 Main Street in Malden, MA, was sold for $1,100,000. The asset encompasses 6,868 square feet, translating to a price per square foot of $160.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,100,000
  • Buyer: Embrace Pathways to Wellness LLC
  • Seller: Aphli LLC
  • Brokers: Ana Oliveira & Bernard Gibbons - ABG Commercial Realty
  • Square Footage: 6,868
  • Price Per Square Foot: $160

The transaction was facilitated by brokers Ana Oliveira and Bernard Gibbons from ABG Commercial Realty, representing both the buyer and seller in this deal. Embrace Pathways to Wellness LLC acquired the property from Aphli LLC, aiming to establish their workspace in a well-located office environment.

Players

Bernard Gibbons

ABG Commercial Realty

Broker

$67M

vol

7 deals

Broker
ABG Commercial Realty
ABG Commercial RealtyBrokerage

Malden 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93