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87 Broadway, Saugus, MA 019...

Airgas Leases Retail Space At 87 Broadway In Saugus, MA With Tenant's Rep David Maker - Maker Capital
LEASEDRetail

Airgas Leases Retail Space At 87 Broadway In Saugus, MA With Tenant's Rep David Maker - Maker Capital

87 Broadway, Saugus, MA 01906, USA

Building Size

3,660 SF

Asset Type

Retail

Closing

Nov 23, 2022

AI

87 Broadway in Saugus, MA has recently been leased by Airgas, an American supplier of industrial, medical, and specialty gases, as well as safety products and ammonia products and process chemicals. The property, with a total square footage of 3,660, was leased from 87 Broadway LLC for an annual rent of $538,676.06.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Asking Rent: $538,676.06/Year
  • Square Footage: 3,660
  • Address: 87 Broadway, Saugus, MA
  • Market: Saugus, MA

David Maker from Maker Capital represented Airgas as their broker in this lease transaction. Maker Capital has a proven track record in lease negotiations and assisting clients in finding the right commercial spaces. Their expertise in site selection and understanding clients' needs has made them a trusted name in the Boston market.

If you're looking for assistance in leasing a property or satisfying 1031 objectives, Maker Capital's Commercial team can provide you with the market knowledge and investor pool needed for a successful transaction. Reach out to them to discuss your requirements and how they can help.

Players

8L
87 Broadway LLCLandlord
A
AirgasTenant

Saugus Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93