Updated Aug 27, 2025
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
About this deal
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.
On the Map
$1,100,000
$160/SF
Office
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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