Updated Oct 14, 2026
Guardian Angel Senior Care Acquires Office Property From United Properties In Malden For $6M
578 Main Street
$6,000,000
$333/SF
Building Size
18,000 SF
Asset Type
Office
Closing
May 5, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 578 Main Street in Malden, MA. The total sale price was $6,000,000, with a total square footage of 18,000 and a price per square foot of $333.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,000,000
- Buyer: Guardian Angel Senior Care
- Seller: United Properties in Malden
- Buyer's Representative: Evan Koogler - Kelleher & Sadowsky
- Seller's Representative: Steve Nohrden - Burgess Properties
The transaction reflects the collaboration between Evan Koogler representing the buyer and Steve Nohrden representing the seller, facilitating the agreement between Guardian Angel Senior Care and United Properties in Malden. For further information regarding the seller's representation, visit www.BurgessProperties.com or follow on Instagram @BurgessProperties and LinkedIn at https://www.linkedin.com/company/burgess-properties-boston/.
On the Map
$6,000,000
$333/SF
Office
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Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93